close brothers group plc
close brothers group plc Company Information
Company Number
00520241
Next Accounts
Jan 2026
Shareholders
-
Group Structure
View All
Industry
Activities of head offices
Registered Address
10 crown place, london, EC2A 4FT
Website
www.closebrothers.comclose brothers group plc Estimated Valuation
Pomanda estimates the enterprise value of CLOSE BROTHERS GROUP PLC at £1.7b based on a Turnover of £1.2b and 1.43x industry multiple (adjusted for size and gross margin).
close brothers group plc Estimated Valuation
Pomanda estimates the enterprise value of CLOSE BROTHERS GROUP PLC at £2.4b based on an EBITDA of £209.3m and a 11.32x industry multiple (adjusted for size and gross margin).
close brothers group plc Estimated Valuation
Pomanda estimates the enterprise value of CLOSE BROTHERS GROUP PLC at £3.9b based on Net Assets of £1.8b and 2.11x industry multiple (adjusted for liquidity).
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Close Brothers Group Plc Overview
Close Brothers Group Plc is a live company located in london, EC2A 4FT with a Companies House number of 00520241. It operates in the activities of head offices sector, SIC Code 70100. Founded in June 1953, it's largest shareholder is unknown. Close Brothers Group Plc is a mature, mega sized company, Pomanda has estimated its turnover at £1.2b with low growth in recent years.
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Close Brothers Group Plc Health Check
Pomanda's financial health check has awarded Close Brothers Group Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
5 Weak
Size
annual sales of £1.2b, make it larger than the average company (£21.1m)
£1.2b - Close Brothers Group Plc
£21.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9.8%)
2% - Close Brothers Group Plc
9.8% - Industry AVG
Production
with a gross margin of 51.1%, this company has a lower cost of product (33.2%)
51.1% - Close Brothers Group Plc
33.2% - Industry AVG
Profitability
an operating margin of 12.3% make it more profitable than the average company (5.8%)
12.3% - Close Brothers Group Plc
5.8% - Industry AVG
Employees
with 81 employees, this is below the industry average (114)
81 - Close Brothers Group Plc
114 - Industry AVG
Pay Structure
on an average salary of £4.7m, the company has a higher pay structure (£49.6k)
£4.7m - Close Brothers Group Plc
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £14.3m, this is more efficient (£199.4k)
£14.3m - Close Brothers Group Plc
£199.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Close Brothers Group Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Close Brothers Group Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Close Brothers Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (16 weeks)
6 weeks - Close Brothers Group Plc
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.9%, this is a higher level of debt than the average (54.5%)
86.9% - Close Brothers Group Plc
54.5% - Industry AVG
CLOSE BROTHERS GROUP PLC financials
Close Brothers Group Plc's latest turnover from July 2024 is £1.2 billion and the company has net assets of £1.8 billion. According to their latest financial statements, Close Brothers Group Plc has 81 employees and maintains cash reserves of £1.6 billion as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2024 | 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 | 1,156,800,000 | 897,500,000 | 1,065,300,000 | 1,088,000,000 | 1,018,800,000 | 965,500,000 | 1,100,800,000 | 1,048,500,000 | 843,400,000 | 835,300,000 | 794,500,000 | 760,000,000 | 694,100,000 | 697,300,000 | 630,100,000 | 692,800,000 |
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 565,500,000 | 304,900,000 | ||||||||||||||
| Gross Profit | 591,300,000 | 592,600,000 | ||||||||||||||
| Admin Expenses | 449,300,000 | 480,600,000 | ||||||||||||||
| Operating Profit | 142,000,000 | 112,000,000 | 232,800,000 | 265,500,000 | 144,000,000 | 270,500,000 | 228,500,000 | 219,900,000 | 188,800,000 | 163,800,000 | 134,900,000 | 78,500,000 | 101,000,000 | 88,300,000 | ||
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | 142,000,000 | 112,000,000 | 232,800,000 | 265,200,000 | 140,900,000 | 264,700,000 | 271,200,000 | 262,500,000 | 228,500,000 | 219,900,000 | 188,800,000 | 163,800,000 | 134,900,000 | 78,500,000 | 101,000,000 | 88,300,000 |
| Tax | -41,600,000 | -30,900,000 | -67,600,000 | -63,100,000 | -31,400,000 | -64,400,000 | -67,000,000 | -68,800,000 | -42,200,000 | -45,400,000 | -43,200,000 | -42,700,000 | -33,500,000 | -35,100,000 | -32,800,000 | -26,100,000 |
| Profit After Tax | 100,400,000 | 81,100,000 | 165,200,000 | 202,100,000 | 109,500,000 | 200,300,000 | 204,200,000 | 193,700,000 | 186,300,000 | 174,500,000 | 145,600,000 | 121,100,000 | 101,400,000 | 43,400,000 | 68,200,000 | 62,200,000 |
| Dividends Paid | 22,500,000 | 95,500,000 | 95,500,000 | 65,800,000 | 95,500,000 | 91,000,000 | 85,600,000 | 80,300,000 | 74,400,000 | 67,100,000 | 61,500,000 | 58,300,000 | 55,700,000 | 55,500,000 | 55,200,000 | |
| Retained Profit | 100,400,000 | 58,600,000 | 69,700,000 | 106,600,000 | 43,700,000 | 106,100,000 | 113,500,000 | 108,400,000 | 106,200,000 | 111,300,000 | 73,900,000 | 58,500,000 | 41,400,000 | -39,900,000 | 11,000,000 | 7,000,000 |
| Employee Costs | 382,400,000 | 347,000,000 | 344,500,000 | 363,200,000 | 322,700,000 | 292,400,000 | 300,100,000 | 283,300,000 | 257,100,000 | 248,400,000 | 232,100,000 | 217,900,000 | 197,900,000 | 216,800,000 | 193,600,000 | 207,900,000 |
| Number Of Employees | 81 | 87 | 3,810 | 3,709 | 70 | |||||||||||
| EBITDA* | 209,300,000 | 174,700,000 | 296,500,000 | 333,200,000 | 211,400,000 | 317,600,000 | 228,500,000 | 219,900,000 | 188,800,000 | 163,800,000 | 134,900,000 | 78,500,000 | 101,000,000 | 88,300,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2024 | 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 | 11,960,000,000 | 11,068,600,000 | 478,800,000 | 435,200,000 | 375,500,000 | 337,700,000 | 302,000,000 | 283,300,000 | 269,200,000 | 229,000,000 | 224,800,000 | 186,900,000 | 177,700,000 | 179,400,000 | 212,600,000 | 208,100,000 |
| Intangible Assets | 313,700,000 | 318,300,000 | 252,000,000 | 232,600,000 | 240,100,000 | 219,400,000 | 201,300,000 | 191,700,000 | 147,900,000 | 144,200,000 | 146,300,000 | 141,600,000 | 139,700,000 | 133,100,000 | 107,500,000 | 107,600,000 |
| Investments & Other | 11,643,800,000 | 10,755,300,000 | ||||||||||||||
| Debtors (Due After 1 year) | 14,300,000 | 10,800,000 | ||||||||||||||
| Total Fixed Assets | 12,273,700,000 | 11,386,900,000 | 730,800,000 | 667,800,000 | 615,600,000 | 557,100,000 | 503,300,000 | 475,000,000 | 417,100,000 | 373,200,000 | 371,100,000 | 328,500,000 | 317,400,000 | 312,500,000 | 320,100,000 | 315,700,000 |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 9,708,300,000 | 9,127,500,000 | 8,210,700,000 | 8,145,500,000 | 8,353,500,000 | 7,846,900,000 | 7,297,200,000 | 6,389,900,000 | 5,964,900,000 | 5,388,100,000 | 5,134,900,000 | 4,999,200,000 | 5,272,000,000 | 5,401,800,000 | ||
| Group Debtors | ||||||||||||||||
| Misc Debtors | 186,700,000 | 184,100,000 | ||||||||||||||
| Cash | 1,584,000,000 | 1,937,000,000 | 2,054,000,000 | 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 | 1,171,800,000 | 935,400,000 | 706,800,000 | 594,500,000 | 452,700,000 | 1,700,000 |
| misc current assets | 185,200,000 | 209,600,000 | 209,500,000 | 190,400,000 | 187,100,000 | 158,700,000 | 134,100,000 | 117,800,000 | 128,700,000 | 127,000,000 | 128,000,000 | 127,100,000 | 128,800,000 | 141,800,000 | ||
| total current assets | 1,807,100,000 | 2,163,400,000 | 11,947,500,000 | 11,367,700,000 | 10,456,900,000 | 10,005,200,000 | 9,748,500,000 | 8,810,700,000 | 8,331,300,000 | 7,584,100,000 | 7,329,300,000 | 6,502,600,000 | 6,038,400,000 | 5,796,100,000 | 5,939,500,000 | 5,703,600,000 |
| total assets | 14,080,800,000 | 13,550,300,000 | 12,678,300,000 | 12,035,500,000 | 11,072,500,000 | 10,562,300,000 | 10,251,800,000 | 9,285,700,000 | 8,748,400,000 | 7,957,300,000 | 7,700,400,000 | 6,831,100,000 | 6,355,800,000 | 6,108,600,000 | 6,259,600,000 | 6,019,300,000 |
| Bank overdraft | ||||||||||||||||
| Bank loan | 320,700,000 | 798,600,000 | ||||||||||||||
| Trade Creditors | 10,499,800,000 | 8,672,200,000 | 5,624,900,000 | 4,442,800,000 | 8,417,400,000 | 7,574,000,000 | 7,379,500,000 | 6,674,100,000 | 6,469,000,000 | 5,715,000,000 | 5,326,200,000 | 5,044,700,000 | 5,178,900,000 | 4,942,100,000 | ||
| Group/Directors Accounts | ||||||||||||||||
| other short term finances | 187,200,000 | 174,900,000 | 186,500,000 | 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 | ||||||||||||||||
| other current liabilities | 11,730,400,000 | 10,931,900,000 | ||||||||||||||
| total current liabilities | 12,238,300,000 | 11,905,400,000 | 11,020,800,000 | 10,465,200,000 | 6,769,400,000 | 5,487,000,000 | 8,902,300,000 | 8,049,200,000 | 7,651,300,000 | 6,947,400,000 | 6,782,800,000 | 5,994,600,000 | 5,585,200,000 | 5,380,300,000 | 5,505,200,000 | 5,321,600,000 |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | ||||||||||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 2,852,500,000 | 3,667,900,000 | 100,000 | 1,100,000 | 3,700,000 | 4,500,000 | 1,900,000 | 2,500,000 | 4,300,000 | |||||||
| total liabilities | 12,238,300,000 | 11,905,400,000 | 11,020,800,000 | 10,465,200,000 | 9,621,900,000 | 9,154,900,000 | 8,902,300,000 | 8,049,200,000 | 7,651,300,000 | 6,947,500,000 | 6,783,900,000 | 5,998,300,000 | 5,589,700,000 | 5,382,200,000 | 5,507,700,000 | 5,325,900,000 |
| net assets | 1,842,500,000 | 1,644,900,000 | 1,657,500,000 | 1,570,300,000 | 1,450,600,000 | 1,407,400,000 | 1,349,500,000 | 1,236,500,000 | 1,097,100,000 | 1,009,800,000 | 916,500,000 | 832,800,000 | 766,100,000 | 726,400,000 | 751,900,000 | 693,400,000 |
| total shareholders funds | 1,842,500,000 | 1,644,900,000 | 1,657,500,000 | 1,570,300,000 | 1,450,600,000 | 1,407,400,000 | 1,349,500,000 | 1,236,500,000 | 1,097,100,000 | 1,009,800,000 | 916,500,000 | 832,800,000 | 766,100,000 | 726,400,000 | 751,900,000 | 693,400,000 |
| Jul 2024 | 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 | 142,000,000 | 112,000,000 | 232,800,000 | 265,500,000 | 144,000,000 | 270,500,000 | 228,500,000 | 219,900,000 | 188,800,000 | 163,800,000 | 134,900,000 | 78,500,000 | 101,000,000 | 88,300,000 | ||
| Depreciation | 67,300,000 | 62,700,000 | 63,700,000 | 67,700,000 | 67,400,000 | 47,100,000 | ||||||||||
| Amortisation | ||||||||||||||||
| Tax | -41,600,000 | -30,900,000 | -67,600,000 | -63,100,000 | -31,400,000 | -64,400,000 | -67,000,000 | -68,800,000 | -42,200,000 | -45,400,000 | -43,200,000 | -42,700,000 | -33,500,000 | -35,100,000 | -32,800,000 | -26,100,000 |
| Stock | ||||||||||||||||
| Debtors | 6,100,000 | -9,513,400,000 | 580,800,000 | 916,800,000 | 65,200,000 | -208,000,000 | 506,600,000 | 549,700,000 | 907,300,000 | 425,000,000 | 576,800,000 | 253,200,000 | 135,700,000 | -272,800,000 | -129,800,000 | 5,401,800,000 |
| Creditors | -10,499,800,000 | 1,827,600,000 | 3,047,300,000 | 1,182,100,000 | -3,974,600,000 | 843,400,000 | 194,500,000 | 705,400,000 | 205,100,000 | 754,000,000 | 388,800,000 | 281,500,000 | -134,200,000 | 236,800,000 | 4,942,100,000 | |
| Accruals and Deferred Income | 798,500,000 | 10,931,900,000 | ||||||||||||||
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | 960,100,000 | 10,089,300,000 | ||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 888,500,000 | 10,755,300,000 | ||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | -477,900,000 | 798,600,000 | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||||
| Other Short Term Loans | 12,300,000 | -11,600,000 | -36,200,000 | -300,000 | 1,400,000 | 3,700,000 | -2,800,000 | 174,300,000 | -30,800,000 | -100,000 | 2,300,000 | 75,000,000 | ||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | -368,400,000 | 715,800,000 | ||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -353,000,000 | -117,000,000 | 723,000,000 | -44,800,000 | 269,400,000 | -34,000,000 | 335,300,000 | -42,300,000 | -190,600,000 | -133,800,000 | 236,400,000 | 228,600,000 | 112,300,000 | 141,800,000 | 451,000,000 | 1,700,000 |
| overdraft | ||||||||||||||||
| change in cash | -353,000,000 | -117,000,000 | 723,000,000 | -44,800,000 | 269,400,000 | -34,000,000 | 335,300,000 | -42,300,000 | -190,600,000 | -133,800,000 | 236,400,000 | 228,600,000 | 112,300,000 | 141,800,000 | 451,000,000 | 1,700,000 |
close brothers group plc Credit Report and Business Information
Close Brothers Group Plc Competitor Analysis
Perform a competitor analysis for close brothers group plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in EC2A area or any other competitors across 12 key performance metrics.
close brothers group plc Ownership
CLOSE BROTHERS GROUP PLC group structure
Close Brothers Group Plc has 1 subsidiary company.
Ultimate parent company
CLOSE BROTHERS GROUP PLC
00520241
1 subsidiary
close brothers group plc directors
Close Brothers Group Plc currently has 12 directors. The longest serving directors include Mr Michael Biggs (Mar 2017) and Mr Michael Morgan (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Biggs | England | 72 years | Mar 2017 | - | Director |
| Mr Michael Morgan | United Kingdom | 59 years | Nov 2018 | - | Director |
| Ms Sally Williams | United Kingdom | 58 years | Jan 2020 | - | Director |
| Ms Sally Williams | England | 58 years | Jan 2020 | - | Director |
| Mr Adrian Sainsbury | United Kingdom | 57 years | Sep 2020 | - | Director |
| Mr Mark Pain | England | 63 years | Jan 2021 | - | Director |
| Mr Mark Pain | 63 years | Jan 2021 | - | Director | |
| Ms Tesula Mohindra | 58 years | Jul 2021 | - | Director | |
| Ms Patricia Halliday | 58 years | Aug 2021 | - | Director | |
| Mrs Tracey Graham | United Kingdom | 59 years | Mar 2022 | - | Director |
P&L
July 2024turnover
1.2b
+29%
operating profit
142m
+27%
gross margin
51.2%
-22.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2024net assets
1.8b
+0.12%
total assets
14.1b
+0.04%
cash
1.6b
-0.18%
net assets
Total assets minus all liabilities
close brothers group plc company details
company number
00520241
Type
Public limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
June 1953
age
72
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
July 2024
previous names
safeguard industrial investments public limited company (November 1984)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
10 crown place, london, EC2A 4FT
Bank
-
Legal Advisor
-
close brothers group 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 found 1 charges/mortgages relating to close brothers group plc. Currently there are 0 open charges and 1 have been satisfied in the past.
close brothers group plc 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 CLOSE BROTHERS GROUP PLC. This can take several minutes, an email will notify you when this has completed.
close brothers group plc Companies House Filings - See Documents
| date | description | view/download |
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