bromford industries limited
bromford industries limited Company Information
Group Structure
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Industry
Manufacture of air and spacecraft and related machinery
Registered Address
c/o interpath ltd 2nd floor 45, church street, birmingham, B3 2RT
Website
www.bromfordindustries.co.ukbromford industries limited Estimated Valuation
Pomanda estimates the enterprise value of BROMFORD INDUSTRIES LIMITED at £11.3m based on a Turnover of £20.6m and 0.55x industry multiple (adjusted for size and gross margin).
bromford industries limited Estimated Valuation
Pomanda estimates the enterprise value of BROMFORD INDUSTRIES LIMITED at £0 based on an EBITDA of £-7.2m and a 3.78x industry multiple (adjusted for size and gross margin).
bromford industries limited Estimated Valuation
Pomanda estimates the enterprise value of BROMFORD INDUSTRIES LIMITED at £33.6m based on Net Assets of £11.7m and 2.87x industry multiple (adjusted for liquidity).
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Bromford Industries Limited Overview
Bromford Industries Limited is a live company located in birmingham, B3 2RT with a Companies House number of 00474681. It operates in the manufacture of air and spacecraft and related machinery sector, SIC Code 30300. Founded in November 1949, it's largest shareholder is bromford group ltd with a 100% stake. Bromford Industries Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.6m with declining growth in recent years.
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Bromford Industries Limited Health Check
Pomanda's financial health check has awarded Bromford Industries Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £20.6m, make it larger than the average company (£7.6m)
£20.6m - Bromford Industries Limited
£7.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (8.6%)
-14% - Bromford Industries Limited
8.6% - Industry AVG
Production
with a gross margin of -3.3%, this company has a higher cost of product (27.2%)
-3.3% - Bromford Industries Limited
27.2% - Industry AVG
Profitability
an operating margin of -61.6% make it less profitable than the average company (14%)
-61.6% - Bromford Industries Limited
14% - Industry AVG
Employees
with 250 employees, this is above the industry average (130)
250 - Bromford Industries Limited
130 - Industry AVG
Pay Structure
on an average salary of £43k, the company has an equivalent pay structure (£43.6k)
£43k - Bromford Industries Limited
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £82.5k, this is less efficient (£155.7k)
£82.5k - Bromford Industries Limited
£155.7k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (49 days)
84 days - Bromford Industries Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (43 days)
34 days - Bromford Industries Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 90 days, this is in line with average (84 days)
90 days - Bromford Industries Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (5 weeks)
1 weeks - Bromford Industries Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.2%, this is a similar level of debt than the average (90.7%)
87.2% - Bromford Industries Limited
90.7% - Industry AVG
BROMFORD INDUSTRIES LIMITED financials
Bromford Industries Limited's latest turnover from September 2020 is £20.6 million and the company has net assets of £11.7 million. According to their latest financial statements, Bromford Industries Limited has 250 employees and maintains cash reserves of £870 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 20,614,000 | 28,968,000 | 29,817,000 | 32,103,000 | 28,149,000 | 25,913,000 | 21,975,000 | 25,881,000 | 26,104,000 | 24,400,000 | 33,467,000 |
| Other Income Or Grants | -997,000 | -3,010,000 | |||||||||
| Cost Of Sales | 20,300,000 | 25,935,000 | 26,242,000 | 25,507,000 | 24,168,000 | 21,105,000 | 21,012,000 | 22,141,000 | 19,169,000 | 19,214,000 | 24,735,000 |
| Gross Profit | -683,000 | 23,000 | 3,575,000 | 6,596,000 | 3,981,000 | 4,808,000 | 963,000 | 3,740,000 | 6,935,000 | 5,186,000 | 8,732,000 |
| Admin Expenses | 12,007,000 | 5,718,000 | 4,836,000 | 4,959,000 | 5,619,000 | 5,041,000 | 4,460,000 | 4,792,000 | 3,861,000 | 5,057,000 | 7,659,000 |
| Operating Profit | -12,690,000 | -5,695,000 | -1,261,000 | 1,637,000 | -1,638,000 | -233,000 | -3,497,000 | -1,052,000 | 3,074,000 | 129,000 | 1,073,000 |
| Interest Payable | 3,844,000 | 1,250,000 | 881,000 | 545,000 | 1,476,000 | 1,097,000 | 1,095,000 | 424,000 | 575,000 | 540,000 | 421,000 |
| Interest Receivable | 112,000 | 292,000 | 57,000 | 79,000 | 235,000 | ||||||
| Pre-Tax Profit | -16,422,000 | -6,653,000 | -2,857,000 | 1,162,000 | -3,197,000 | -1,330,000 | -4,592,000 | -1,476,000 | 2,556,000 | -332,000 | 652,000 |
| Tax | 735,000 | 1,285,000 | 501,000 | -198,000 | 229,000 | 85,000 | 880,000 | 74,000 | 139,000 | 106,000 | 230,000 |
| Profit After Tax | -15,687,000 | -5,368,000 | -2,356,000 | 964,000 | -2,968,000 | -1,245,000 | -3,712,000 | -1,402,000 | 2,695,000 | -226,000 | 882,000 |
| Dividends Paid | |||||||||||
| Retained Profit | -15,687,000 | -5,368,000 | -2,356,000 | 964,000 | -2,968,000 | -1,245,000 | -3,712,000 | -1,402,000 | 2,695,000 | -226,000 | 882,000 |
| Employee Costs | 10,760,000 | 12,349,000 | 12,096,000 | 11,021,000 | 10,155,000 | 8,808,000 | 7,334,000 | 9,166,000 | 9,842,000 | 9,643,000 | 10,851,000 |
| Number Of Employees | 250 | 311 | 317 | 300 | 300 | 278 | 266 | 284 | 304 | 310 | 272 |
| EBITDA* | -7,242,000 | -2,824,000 | 1,266,000 | 3,856,000 | -63,000 | 1,130,000 | 356,000 | 1,478,000 | 4,735,000 | 2,024,000 | 2,534,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,322,000 | 11,948,000 | 10,985,000 | 10,317,000 | 8,502,000 | 7,040,000 | 6,120,000 | 6,637,000 | 7,361,000 | 6,129,000 | 5,628,000 |
| Intangible Assets | 2,687,000 | 3,130,000 | 3,825,000 | 3,409,000 | 2,888,000 | 2,591,000 | 2,010,000 | 3,087,000 | 3,167,000 | 2,661,000 | 1,622,000 |
| Investments & Other | 25,934,000 | 25,934,000 | 2,217,000 | 2,217,000 | 2,217,000 | 2,217,000 | 2,217,000 | 2,217,000 | 2,217,000 | 2,217,000 | |
| Debtors (Due After 1 year) | 3,995,000 | 3,757,000 | 2,709,000 | 2,208,000 | 2,406,000 | 2,177,000 | 1,947,000 | 1,067,000 | 993,000 | 854,000 | 748,000 |
| Total Fixed Assets | 41,938,000 | 44,769,000 | 19,736,000 | 18,151,000 | 16,013,000 | 14,025,000 | 12,294,000 | 13,008,000 | 13,738,000 | 11,861,000 | 7,998,000 |
| Stock & work in progress | 5,018,000 | 4,899,000 | 7,442,000 | 6,233,000 | 5,732,000 | 5,915,000 | 5,229,000 | 5,338,000 | 5,184,000 | 5,151,000 | 5,560,000 |
| Trade Debtors | 4,787,000 | 6,590,000 | 6,589,000 | 7,143,000 | 5,583,000 | 6,961,000 | 6,257,000 | 6,381,000 | 4,543,000 | 5,150,000 | 2,796,000 |
| Group Debtors | 37,917,000 | 23,140,000 | 20,599,000 | 15,302,000 | 14,318,000 | 1,175,000 | 1,452,000 | 5,762,000 | 6,000 | ||
| Misc Debtors | 523,000 | 1,353,000 | 884,000 | 993,000 | 575,000 | 622,000 | 779,000 | 970,000 | 1,223,000 | 1,111,000 | 855,000 |
| Cash | 870,000 | 1,522,000 | 1,180,000 | 305,000 | 830,000 | 681,000 | 1,342,000 | 750,000 | 5,756,000 | 6,618,000 | 3,704,000 |
| misc current assets | |||||||||||
| total current assets | 49,115,000 | 37,504,000 | 36,694,000 | 29,976,000 | 27,038,000 | 15,354,000 | 15,059,000 | 19,201,000 | 16,706,000 | 18,030,000 | 12,921,000 |
| total assets | 91,053,000 | 82,273,000 | 56,430,000 | 48,127,000 | 43,051,000 | 29,379,000 | 27,353,000 | 32,209,000 | 30,444,000 | 29,891,000 | 20,919,000 |
| Bank overdraft | 8,367,000 | 6,025,000 | 8,403,000 | ||||||||
| Bank loan | 244,000 | 3,781,000 | 1,619,000 | 6,713,000 | 4,817,000 | ||||||
| Trade Creditors | 1,915,000 | 4,006,000 | 4,597,000 | 4,498,000 | 3,851,000 | 5,243,000 | 3,527,000 | 3,573,000 | 4,300,000 | 4,008,000 | 3,039,000 |
| Group/Directors Accounts | 34,708,000 | 27,619,000 | 16,511,000 | 16,511,000 | 16,511,000 | ||||||
| other short term finances | 112,000 | 1,544,000 | |||||||||
| hp & lease commitments | 548,000 | 2,304,000 | 647,000 | 445,000 | 210,000 | 482,000 | 240,000 | 120,000 | |||
| other current liabilities | 3,610,000 | 3,773,000 | 2,750,000 | 2,295,000 | 1,615,000 | 599,000 | 1,879,000 | 1,494,000 | 1,215,000 | 4,283,000 | 2,036,000 |
| total current liabilities | 41,025,000 | 41,595,000 | 26,124,000 | 30,462,000 | 27,004,000 | 16,235,000 | 11,671,000 | 13,590,000 | 5,515,000 | 8,291,000 | 5,075,000 |
| loans | 31,699,000 | 12,694,000 | 6,539,000 | 3,334,000 | 3,315,000 | 3,737,000 | 5,620,000 | 5,200,000 | 10,531,000 | 9,127,000 | 6,170,000 |
| hp & lease commitments | 1,971,000 | 604,000 | 36,000 | 1,296,000 | 549,000 | 1,368,000 | 359,000 | 423,000 | |||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 4,665,000 | 112,000 | 419,000 | 770,000 | 245,000 | ||||||
| total long term liabilities | 38,335,000 | 13,298,000 | 6,575,000 | 4,630,000 | 3,976,000 | 5,105,000 | 6,398,000 | 5,623,000 | 10,531,000 | 9,897,000 | 6,415,000 |
| total liabilities | 79,360,000 | 54,893,000 | 32,699,000 | 35,092,000 | 30,980,000 | 21,340,000 | 18,069,000 | 19,213,000 | 16,046,000 | 18,188,000 | 11,490,000 |
| net assets | 11,693,000 | 27,380,000 | 23,731,000 | 13,035,000 | 12,071,000 | 8,039,000 | 9,284,000 | 12,996,000 | 14,398,000 | 11,703,000 | 9,429,000 |
| total shareholders funds | 11,693,000 | 27,380,000 | 23,731,000 | 13,035,000 | 12,071,000 | 8,039,000 | 9,284,000 | 12,996,000 | 14,398,000 | 11,703,000 | 9,429,000 |
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -12,690,000 | -5,695,000 | -1,261,000 | 1,637,000 | -1,638,000 | -233,000 | -3,497,000 | -1,052,000 | 3,074,000 | 129,000 | 1,073,000 |
| Depreciation | 3,753,000 | 2,040,000 | 1,936,000 | 1,680,000 | 1,187,000 | 1,096,000 | 1,461,000 | 796,000 | 841,000 | 856,000 | 1,000,000 |
| Amortisation | 1,695,000 | 831,000 | 591,000 | 539,000 | 388,000 | 267,000 | 2,392,000 | 1,734,000 | 820,000 | 1,039,000 | 461,000 |
| Tax | 735,000 | 1,285,000 | 501,000 | -198,000 | 229,000 | 85,000 | 880,000 | 74,000 | 139,000 | 106,000 | 230,000 |
| Stock | 119,000 | -2,543,000 | 1,209,000 | 501,000 | -183,000 | 686,000 | -109,000 | 154,000 | 33,000 | -409,000 | 5,560,000 |
| Debtors | 12,382,000 | 4,059,000 | 5,135,000 | 2,764,000 | 11,947,000 | 500,000 | -3,745,000 | 7,421,000 | -356,000 | 2,710,000 | 4,405,000 |
| Creditors | -2,091,000 | -591,000 | 99,000 | 647,000 | -1,392,000 | 1,716,000 | -46,000 | -727,000 | 292,000 | 969,000 | 3,039,000 |
| Accruals and Deferred Income | -163,000 | 1,023,000 | 455,000 | 680,000 | 1,016,000 | -1,280,000 | 385,000 | 279,000 | -3,068,000 | 2,247,000 | 2,036,000 |
| Deferred Taxes & Provisions | 4,665,000 | -112,000 | 112,000 | -419,000 | 419,000 | -770,000 | 525,000 | 245,000 | |||
| Cash flow from operations | -16,597,000 | -2,623,000 | -4,023,000 | 1,608,000 | -11,862,000 | 46,000 | 5,848,000 | -6,471,000 | 1,651,000 | 3,570,000 | -1,881,000 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 23,717,000 | 2,217,000 | |||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | -3,537,000 | 2,162,000 | -5,094,000 | 1,896,000 | 4,817,000 | ||||||
| Group/Directors Accounts | 7,089,000 | 11,108,000 | 16,511,000 | ||||||||
| Other Short Term Loans | -112,000 | 112,000 | -1,544,000 | 1,544,000 | |||||||
| Long term loans | 19,005,000 | 6,155,000 | 3,205,000 | 19,000 | -422,000 | -1,883,000 | 420,000 | -5,331,000 | 1,404,000 | 2,957,000 | 6,170,000 |
| Hire Purchase and Lease Commitments | -389,000 | 2,225,000 | -1,058,000 | 982,000 | -1,091,000 | 1,251,000 | 56,000 | 543,000 | |||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -3,732,000 | -958,000 | -881,000 | -545,000 | -1,476,000 | -1,097,000 | -1,095,000 | -424,000 | -518,000 | -461,000 | -186,000 |
| cash flow from financing | 18,324,000 | 29,821,000 | 9,224,000 | 2,352,000 | 23,795,000 | -185,000 | -619,000 | -5,212,000 | 886,000 | 4,996,000 | 14,531,000 |
| cash and cash equivalents | |||||||||||
| cash | -652,000 | 342,000 | 875,000 | -525,000 | 149,000 | -661,000 | 592,000 | -5,006,000 | -862,000 | 2,914,000 | 3,704,000 |
| overdraft | -8,367,000 | 2,342,000 | -2,378,000 | 8,403,000 | |||||||
| change in cash | -652,000 | 342,000 | 875,000 | -525,000 | 8,516,000 | -3,003,000 | 2,970,000 | -13,409,000 | -862,000 | 2,914,000 | 3,704,000 |
bromford industries limited Credit Report and Business Information
Bromford Industries Limited Competitor Analysis
Perform a competitor analysis for bromford industries limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in B 3 area or any other competitors across 12 key performance metrics.
bromford industries limited Ownership
BROMFORD INDUSTRIES LIMITED group structure
Bromford Industries Limited has 2 subsidiary companies.
Ultimate parent company
BROMFORD HOLDINGS LP
#0134463
2 parents
BROMFORD INDUSTRIES LIMITED
00474681
2 subsidiaries
bromford industries limited directors
Bromford Industries Limited currently has 1 director, Mr Kevin Vicha serving since Jun 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Vicha | 62 years | Jun 2021 | - | Director |
P&L
September 2020turnover
20.6m
-29%
operating profit
-12.7m
+123%
gross margin
-3.3%
-4273.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
11.7m
-0.57%
total assets
91.1m
+0.11%
cash
870k
-0.43%
net assets
Total assets minus all liabilities
bromford industries limited company details
company number
00474681
Type
Private limited with Share Capital
industry
30300 - Manufacture of air and spacecraft and related machinery
incorporation date
November 1949
age
76
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2020
previous names
hampson aerospace machining limited (August 2009)
arabis plc (September 2001)
See moreaccountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
c/o interpath ltd 2nd floor 45, church street, birmingham, B3 2RT
Bank
BANK OF SCOTLAND
Legal Advisor
-
bromford industries 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 39 charges/mortgages relating to bromford industries limited. Currently there are 5 open charges and 34 have been satisfied in the past.
bromford industries limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for BROMFORD INDUSTRIES LIMITED. This can take several minutes, an email will notify you when this has completed.
bromford industries limited Companies House Filings - See Documents
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