Russell Finex Limited

POWER SEARCH PRICING

SOLUTIONS

russell finex limited Company Information

Live

MatureLargeLow

Company Number

00294532

Website

www.russellfinex.com

Registered Address

browells lane, feltham, middlesex, TW13 7EW

Industry

Manufacture of other special-purpose machinery n.e.c.

Manufacture of machinery for food, beverage and tobacco processing

Telephone

02088182000

Next Accounts Due

October 2024

Group Structure

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Directors

Resham Singh27 Years

Kenneth Armour11 Years

View All

Shareholders

russell-hurst trustees ltd 100%

russell finex limited Estimated Valuation

£104.1m

Pomanda estimates the enterprise value of RUSSELL FINEX LIMITED at £104.1m based on a Turnover of £48.3m and 2.16x industry multiple (adjusted for size and gross margin).

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Russell Finex Limited is a live company located in middlesex, TW13 7EW with a Companies House number of 00294532. It operates in the manufacture of machinery for food, beverage and tobacco processing sector, SIC Code 28930. Founded in November 1934, it's largest shareholder is russell-hurst trustees ltd with a 100% stake. Russell Finex Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.3m with low growth in recent years.

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Pomanda's financial health check has awarded Russell Finex Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

2 Weak

Size

annual sales of £48.3m, make it larger than the average company (£14m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (0.5%)

EXPORT

Russell Finex Limited's latest turnover from January 2023 is £48.3 million and the company has net assets of £58.6 million. According to their latest financial statements, Russell Finex Limited has 458 employees and maintains cash reserves of £23.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	48,286,115	44,808,401	38,844,289	45,743,580	44,250,206	40,039,450	34,868,076	31,197,569	26,034,759	23,919,373	23,008,129	22,140,998	17,572,898	15,446,852
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	15,378,269	14,868,727	13,160,342	15,830,867	17,697,413	17,087,013	15,042,390	13,510,729	10,964,166	10,268,697	9,852,906	9,700,904	7,476,628	6,779,902
Gross Profit	32,907,846	29,939,674	25,683,947	29,912,713	26,552,793	22,952,437	19,825,686	17,686,840	15,070,593	13,650,676	13,155,223	12,440,094	10,096,270	8,666,950
Admin Expenses	27,850,554	25,349,768	22,373,178	24,760,644	20,015,214	17,845,467	15,540,137	15,506,827	12,191,538	11,754,987	11,239,472	9,912,983	9,047,499	8,119,420
Operating Profit	5,057,292	4,589,906	3,310,769	5,152,069	6,537,579	5,106,970	4,285,549	2,180,013	2,879,055	1,895,689	1,915,751	2,527,111	1,048,771	547,530
Interest Payable	1,272,410	40,567	8,722	14,468	14,947	12,962	10,990	20,982	5,583	8,300	15,907	6,621	4,741	2,818
Interest Receivable	1,402,756	66,899	130,656	170,767	117,594	175,921	63,167	80,566	39,590	43,547	39,934	32,138	12,393	27,044
Pre-Tax Profit	5,187,638	4,446,238	3,270,703	5,176,368	6,804,653	4,488,871	4,812,453	2,473,603	2,909,680	1,930,936	1,939,778	2,552,628	1,056,423	571,756
Tax	-1,068,127	-630,069	-337,730	-900,804	-1,219,897	-1,111,207	-1,184,514	-569,946	-643,362	-707,222	-639,809	-679,074	-321,669	59,117
Profit After Tax	4,119,511	3,816,169	2,932,973	4,275,564	5,584,756	3,377,664	3,627,939	1,903,657	2,266,318	1,223,714	1,299,969	1,873,554	734,754	630,873
Dividends Paid	0	0	0	0	0	0	0	0	0	0	36,289	36,289	36,289	36,289
Retained Profit	4,119,511	3,816,169	2,932,973	4,275,564	5,584,756	3,377,664	3,627,939	1,903,657	2,266,318	1,223,714	1,263,680	1,837,265	698,465	594,584
Employee Costs	24,310,739	22,328,870	20,138,281	21,740,713	20,763,123	18,138,263	16,069,124	14,734,403	12,269,961	10,628,238	8,443,854	7,840,414	7,696,618	7,054,926
Number Of Employees	458	445	405	413	396	340	338	331	316	299	298	261	238	227
EBITDA*	6,023,477	5,679,871	4,047,567	6,026,318	7,254,360	5,181,175	4,996,744	2,877,736	3,418,771	2,781,865	2,363,216	2,912,529	1,400,868	954,082

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	11,111,344	10,427,250	6,179,650	6,219,308	5,659,095	5,574,370	5,503,205	5,733,165	5,556,764	5,420,251	5,523,942	5,388,055	3,941,165	3,989,973
Intangible Assets	3,406	6,288	7,578	11,016	2,603	6,700	8,547	11,561	5,985	8,131	13,565	18,590	23,892	38,541
Investments & Other	18,242,000	0	0	0	0	0	0	0	0	0	0	204,000	8,885,000	5,915,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	29,356,750	10,433,538	6,187,228	6,230,324	5,661,698	5,581,070	5,511,752	5,744,726	5,562,749	5,428,382	5,537,507	5,610,645	12,850,057	9,943,514
Stock & work in progress	12,988,393	10,849,736	9,467,564	9,694,872	8,415,717	6,873,162	5,778,096	5,204,671	5,241,984	4,871,294	5,191,160	4,832,032	4,354,483	4,099,699
Trade Debtors	9,168,947	10,337,089	8,230,860	7,714,000	10,260,553	9,443,745	8,413,767	5,996,071	4,643,856	4,550,492	3,900,925	4,327,521	3,931,505	3,055,438
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,303,737	2,435,286	4,345,071	3,230,038	1,910,979	1,374,034	1,664,942	1,372,173	1,193,439	1,132,386	877,128	810,989	740,019	663,268
Cash	23,241,161	22,492,997	24,624,618	24,175,291	18,781,584	15,343,710	12,523,386	8,071,490	7,421,543	4,534,035	4,442,269	3,843,557	2,862,285	1,986,888
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	48,702,238	46,115,108	46,668,113	44,814,201	39,368,833	33,034,651	28,380,191	20,644,405	18,500,822	15,088,207	14,411,482	13,814,099	11,888,292	9,805,293
total assets	78,058,988	56,548,646	52,855,341	51,044,525	45,030,531	38,615,721	33,891,943	26,389,131	24,063,571	20,516,589	19,948,989	19,424,744	24,738,349	19,748,807
Bank overdraft	0	0	0	54,433	251,806	235,976	0	95,099	69,067	69,062	67,151	391,655	595,485	297,760
Bank loan	24,604	0	1,492	144,786	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,156,636	2,579,742	1,419,094	1,957,877	1,460,587	2,289,493	1,937,828	1,748,320	1,697,467	1,412,956	1,376,199	1,669,200	1,206,341	962,668
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	568,228	917,119	0	56,812	204,780	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	11,293,774	11,696,371	9,574,638	11,512,452	11,940,677	10,820,684	9,765,882	6,518,839	6,138,449	4,335,101	4,029,693	4,059,430	2,365,867	1,567,916
total current liabilities	14,475,014	14,844,341	11,912,343	13,669,548	13,709,882	13,550,933	11,703,710	8,362,258	7,904,983	5,817,119	5,473,043	6,120,285	4,167,693	2,828,344
loans	352,128	0	0	0	0	0	0	0	97,790	166,861	236,548	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	30,954	0	55,210	0	0	0	0	0	0	0	0	0	0
provisions	4,663,047	168,933	125,351	133,449	4,943,539	3,630,109	5,765,548	6,037,486	7,097,068	2,838,707	2,482,701	211,539	2,619,324	1,776,238
total long term liabilities	5,015,175	3,166,887	14,019,351	10,325,659	4,943,539	3,630,109	5,765,548	6,037,486	7,194,858	3,005,568	2,719,249	211,539	2,619,324	1,776,238
total liabilities	19,490,189	18,011,228	25,931,694	23,995,207	18,653,421	17,181,042	17,469,258	14,399,744	15,099,841	8,822,687	8,192,292	6,331,824	6,787,017	4,604,582
net assets	58,568,799	38,537,418	26,923,647	27,049,318	26,377,110	21,434,679	16,422,685	11,989,387	8,963,730	11,693,902	11,756,697	13,092,920	17,951,332	15,144,225
total shareholders funds	58,568,799	38,537,418	26,923,647	27,049,318	26,377,110	21,434,679	16,422,685	11,989,387	8,963,730	11,693,902	11,756,697	13,092,920	17,951,332	15,144,225

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	5,057,292	4,589,906	3,310,769	5,152,069	6,537,579	5,106,970	4,285,549	2,180,013	2,879,055	1,895,689	1,915,751	2,527,111	1,048,771	547,530
Depreciation	962,966	1,086,573	733,329	872,025	712,441	71,244	704,157	691,589	537,233	369,303	443,830	381,488	341,388	386,809
Amortisation	3,219	3,392	3,469	2,224	4,340	2,961	7,038	6,134	2,483	516,873	3,635	3,930	10,709	19,743
Tax	-1,068,127	-630,069	-337,730	-900,804	-1,219,897	-1,111,207	-1,184,514	-569,946	-643,362	-707,222	-639,809	-679,074	-321,669	59,117
Stock	2,138,657	1,382,172	-227,308	1,279,155	1,542,555	1,095,066	573,425	-37,313	370,690	-319,866	359,128	477,549	254,784	4,099,699
Debtors	-299,691	196,444	1,631,893	-1,227,494	1,353,753	739,070	2,710,465	1,530,949	154,417	904,825	-360,457	466,986	952,818	3,718,706
Creditors	576,894	1,160,648	-538,783	497,290	-828,906	351,665	189,508	50,853	284,511	36,757	-293,001	462,859	243,673	962,668
Accruals and Deferred Income	-402,597	2,121,733	-1,937,814	-428,225	1,119,993	1,054,802	3,247,043	380,390	1,803,348	305,408	-29,737	1,693,563	797,951	1,567,916
Deferred Taxes & Provisions	4,494,114	43,582	-8,098	-4,810,090	1,313,430	-2,135,439	-271,938	-1,059,582	4,258,361	356,006	2,271,162	-2,407,785	843,086	1,776,238
Cash flow from operations	7,784,795	6,797,149	-179,443	332,828	4,742,672	1,506,860	3,692,953	185,815	8,596,522	2,187,855	3,673,160	1,037,557	1,756,307	-2,498,384
Investing Activities
capital expenditure	0	0	0	0	-780,950	-930,572	-453,150	-825,543	-551,117	-560,789	-630,236	-1,737,471	-290,187	-149,816
Change in Investments	18,242,000	0	0	0	0	0	0	0	0	0	-204,000	-8,681,000	2,970,000	5,915,000
cash flow from investments	-18,242,000	0	0	0	-780,950	-930,572	-453,150	-825,543	-551,117	-560,789	-426,236	6,943,529	-3,260,187	-6,064,816
Financing Activities
Bank loans	24,604	-1,492	-143,294	144,786	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
Other Short Term Loans	-568,228	-348,891	917,119	-56,812	-147,968	204,780	0	0	0	0	0	0	0	0
Long term loans	352,128	0	0	0	0	0	0	-97,790	-69,071	-69,687	236,548	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	-30,954	30,954	-55,210	55,210	0	0	0	0	0	0	0	0	0	0
share issue	15,911,870	7,797,602	-3,058,644	-3,603,356	-642,325	1,634,330	805,359	1,122,000	-4,996,490	-1,286,509	-2,599,903	-6,695,677	2,108,642	14,549,641
interest	130,346	26,332	121,934	156,299	102,647	162,959	52,177	59,584	34,007	35,247	24,027	25,517	7,652	24,226
cash flow from financing	15,819,766	7,504,505	-2,218,095	-3,303,873	-687,646	2,002,069	857,536	1,083,794	-5,031,554	-1,320,949	-2,339,328	-6,670,160	2,116,294	14,573,867
cash and cash equivalents
cash	748,164	-2,131,621	449,327	5,393,707	3,437,874	2,820,324	4,451,896	649,947	2,887,508	91,766	598,712	981,272	875,397	1,986,888
overdraft	0	0	-54,433	-197,373	15,830	235,976	-95,099	26,032	5	1,911	-324,504	-203,830	297,725	297,760
change in cash	748,164	-2,131,621	503,760	5,591,080	3,422,044	2,584,348	4,546,995	623,915	2,887,503	89,855	923,216	1,185,102	577,672	1,689,128

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RUSSELL FINEX LIMITED group structure

Russell Finex Limited has no subsidiary companies.

Ultimate parent company

RUSSELL-HURST TRUSTEES LIMITED

00704646

1 parent

RUSSELL FINEX LIMITED

00294532

RUSSELL FINEX LIMITED Shareholders

russell-hurst trustees ltd

100%

Russell Finex Limited currently has 6 directors. The longest serving directors include Mr Resham Singh (Aug 1997) and Mr Kenneth Armour (Dec 2012).

officer	age	start	end	role
Mr Resham Singh	68 years	Aug 1997	-	Director
Mr Kenneth Armour	58 years	Dec 2012	-	Director
Mr Robert O'Connell	53 years	Feb 2014	-	Director
Mr Ian Wardlaw	56 years	Jul 2018	-	Director
Mr Richard Kay	48 years	Feb 2023	-	Director
Mr Robert Ward	51 years	Aug 2024	-	Director

P&L

January 2023

turnover

48.3m

+8%

operating profit

5.1m

+10%

gross margin

68.2%

+2%

turnover

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

Balance Sheet

January 2023

net assets

58.6m

+0.52%

total assets

78.1m

+0.38%

cash

23.2m

+0.03%

net assets

Total assets minus all liabilities

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company number

00294532

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

28930 - Manufacture of machinery for food, beverage and tobacco processing

incorporation date

November 1934

accounts

Group

ultimate parent company

RUSSELL-HURST TRUSTEES LIMITED

previous names

N/A

last accounts submitted

January 2023

address

browells lane, feltham, middlesex, TW13 7EW

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 russell finex limited. Currently there are 3 open charges and 4 have been satisfied in the past.

russell finex limited Company Information

russell finex limited Estimated Valuation

russell finex limited Estimated Valuation

russell finex limited Estimated Valuation

Russell Finex Limited Overview

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RUSSELL FINEX LIMITED financials

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