belzona international limited Company Information
Company Number
00532158
Next Accounts
Sep 2025
Shareholders
orbex ltd
Group Structure
View All
Industry
Manufacture of paints, varnishes and similar coatings, mastics and sealants
Registered Address
claro road harrogate, north yorks, HG1 4DS
Website
www.belzona.combelzona international limited Estimated Valuation
Pomanda estimates the enterprise value of BELZONA INTERNATIONAL LIMITED at £82.4m based on a Turnover of £46.8m and 1.76x industry multiple (adjusted for size and gross margin).
belzona international limited Estimated Valuation
Pomanda estimates the enterprise value of BELZONA INTERNATIONAL LIMITED at £139.8m based on an EBITDA of £12m and a 11.61x industry multiple (adjusted for size and gross margin).
belzona international limited Estimated Valuation
Pomanda estimates the enterprise value of BELZONA INTERNATIONAL LIMITED at £98.3m based on Net Assets of £46.9m and 2.1x industry multiple (adjusted for liquidity).
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Belzona International Limited Overview
Belzona International Limited is a live company located in north yorks, HG1 4DS with a Companies House number of 00532158. It operates in the manufacture of paints, varnishes and similar coatings, mastics and sealants sector, SIC Code 20301. Founded in April 1954, it's largest shareholder is orbex ltd with a 100% stake. Belzona International Limited is a mature, large sized company, Pomanda has estimated its turnover at £46.8m with healthy growth in recent years.
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Belzona International Limited Health Check
Pomanda's financial health check has awarded Belzona International Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs


8 Strong

1 Regular

3 Weak

Size
annual sales of £46.8m, make it larger than the average company (£25m)
£46.8m - Belzona International Limited
£25m - Industry AVG

Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.9%)
13% - Belzona International Limited
6.9% - Industry AVG

Production
with a gross margin of 57.9%, this company has a lower cost of product (30.5%)
57.9% - Belzona International Limited
30.5% - Industry AVG

Profitability
an operating margin of 23.2% make it more profitable than the average company (4.5%)
23.2% - Belzona International Limited
4.5% - Industry AVG

Employees
with 244 employees, this is above the industry average (82)
244 - Belzona International Limited
82 - Industry AVG

Pay Structure
on an average salary of £51.3k, the company has an equivalent pay structure (£48k)
£51.3k - Belzona International Limited
£48k - Industry AVG

Efficiency
resulting in sales per employee of £192k, this is less efficient (£286.2k)
£192k - Belzona International Limited
£286.2k - Industry AVG

Debtor Days
it gets paid by customers after 10 days, this is earlier than average (54 days)
10 days - Belzona International Limited
54 days - Industry AVG

Creditor Days
its suppliers are paid after 25 days, this is quicker than average (40 days)
25 days - Belzona International Limited
40 days - Industry AVG

Stock Days
it holds stock equivalent to 198 days, this is more than average (71 days)
198 days - Belzona International Limited
71 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 188 weeks, this is more cash available to meet short term requirements (4 weeks)
188 weeks - Belzona International Limited
4 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 9.1%, this is a lower level of debt than the average (44.2%)
9.1% - Belzona International Limited
44.2% - Industry AVG
BELZONA INTERNATIONAL LIMITED financials

Belzona International Limited's latest turnover from December 2023 is £46.8 million and the company has net assets of £46.9 million. According to their latest financial statements, Belzona International Limited has 244 employees and maintains cash reserves of £17 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | 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 | 46,847,927 | 44,056,211 | 34,043,141 | 32,466,416 | 35,903,038 | 32,167,807 | 29,987,655 | 30,367,724 | 21,514,071 | 25,621,943 | 25,164,735 | 23,284,957 | 22,207,863 | 20,391,120 | 18,949,214 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | 19,748,706 | 17,073,432 | 11,203,927 | 11,716,356 | 14,087,715 | 12,499,722 | 12,936,593 | 13,053,600 | 8,350,565 | 10,860,296 | 11,279,622 | 10,546,808 | 9,743,745 | 9,738,970 | 8,848,608 |
Gross Profit | 27,099,221 | 26,982,779 | 22,839,214 | 20,750,060 | 21,815,323 | 19,668,085 | 17,051,062 | 17,314,124 | 13,163,506 | 14,761,647 | 13,885,113 | 12,738,149 | 12,464,118 | 10,652,150 | 10,100,606 |
Admin Expenses | 16,213,133 | 12,999,347 | 11,826,754 | 11,787,101 | 13,114,036 | 13,879,409 | 12,743,268 | 12,883,493 | 10,719,448 | 10,144,789 | 10,046,516 | 10,101,149 | 10,425,913 | 8,942,217 | 9,084,565 |
Operating Profit | 10,886,088 | 13,983,432 | 11,012,460 | 8,962,959 | 8,701,287 | 5,788,676 | 4,307,794 | 4,430,631 | 2,444,058 | 4,616,858 | 3,838,597 | 2,637,000 | 2,038,205 | 1,709,933 | 1,016,041 |
Interest Payable | 5,055 | 19 | 1,049 | 64 | |||||||||||
Interest Receivable | 618,103 | 96,982 | 11,433 | 28,008 | 51,332 | 104,325 | 8,208 | 8,162 | 18,072 | 9,875 | 122,552 | 17,577 | 24,058 | 53,864 | 42,873 |
Pre-Tax Profit | 11,499,136 | 14,080,395 | 11,039,236 | 8,989,918 | 8,727,375 | 5,893,001 | 4,316,002 | 4,438,793 | 2,462,130 | 4,626,733 | 3,961,149 | 2,654,577 | 2,062,263 | 1,763,797 | 1,058,914 |
Tax | -2,352,437 | -2,842,043 | -2,045,057 | -1,473,588 | -1,801,565 | -1,329,322 | -1,078,751 | -757,970 | -593,166 | -1,014,337 | -1,127,405 | -917,036 | -746,006 | -501,910 | -301,088 |
Profit After Tax | 9,146,699 | 11,238,352 | 8,994,179 | 7,516,330 | 6,925,810 | 4,563,679 | 3,237,251 | 3,680,823 | 1,868,964 | 3,612,396 | 2,833,744 | 1,737,541 | 1,316,257 | 1,261,887 | 757,826 |
Dividends Paid | 5,627,333 | 4,357,878 | 11,754,879 | 3,889,415 | 10,167,037 | 3,500,000 | |||||||||
Retained Profit | 3,519,366 | 6,880,474 | -2,760,700 | 3,626,915 | 6,925,810 | -5,603,358 | 3,237,251 | 3,680,823 | 1,868,964 | 3,612,396 | 2,833,744 | -1,762,459 | 1,316,257 | 1,261,887 | 757,826 |
Employee Costs | 12,509,546 | 10,592,342 | 9,421,851 | 8,938,025 | 8,901,441 | 8,705,278 | 8,847,391 | 9,176,455 | 7,355,882 | 8,234,248 | 8,242,183 | 7,972,155 | 8,095,478 | 6,999,879 | 7,091,552 |
Number Of Employees | 244 | 224 | 214 | 222 | 231 | 211 | 221 | 243 | 241 | 242 | 262 | 244 | 249 | 217 | 214 |
EBITDA* | 12,038,899 | 14,862,937 | 11,863,600 | 9,801,045 | 10,081,219 | 6,816,031 | 5,162,457 | 5,337,162 | 3,231,691 | 5,396,242 | 4,918,008 | 3,623,298 | 2,896,866 | 2,549,638 | 1,772,589 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 17,104,679 | 14,218,287 | 13,437,773 | 13,936,202 | 14,136,052 | 14,458,634 | 14,463,692 | 10,050,153 | 8,903,867 | 8,722,427 | 8,541,892 | 8,874,997 | 9,348,432 | 9,525,293 | 8,893,708 |
Intangible Assets | 207,409 | 257,234 | 293,630 | 292,441 | 283,938 | 80,251 | 88,226 | 108,237 | 140,280 | ||||||
Investments & Other | 832 | 832 | 832 | 832 | 832 | 832 | 8,271,769 | 8,109,115 | 4,941,777 | 832 | 832 | 832 | 832 | 832 | 832 |
Debtors (Due After 1 year) | 881,906 | 307,086 | 432,731 | 168,636 | 136,419 | ||||||||||
Total Fixed Assets | 17,987,417 | 14,526,205 | 13,871,336 | 14,105,670 | 14,273,303 | 14,459,466 | 22,942,870 | 18,416,502 | 14,139,274 | 9,015,700 | 8,826,662 | 8,956,080 | 9,437,490 | 9,634,362 | 9,034,820 |
Stock & work in progress | 10,758,481 | 8,926,446 | 6,661,757 | 5,626,094 | 6,451,799 | 6,170,304 | 5,336,959 | 4,853,884 | 4,453,482 | 4,666,810 | 3,467,336 | 4,195,639 | 4,427,587 | 3,504,446 | 3,344,897 |
Trade Debtors | 1,335,110 | 780,924 | 1,011,621 | 1,688,312 | 3,308,131 | 2,691,933 | 1,099,321 | 1,487,230 | 1,225,884 | 5,006,843 | 2,217,464 | 1,520,919 | 1,735,700 | 846,613 | 1,355,338 |
Group Debtors | |||||||||||||||
Misc Debtors | 4,525,801 | 3,723,073 | 2,355,758 | 2,410,953 | 1,487,953 | 1,826,502 | 1,179,343 | 1,044,844 | 1,131,159 | 1,171,937 | 1,720,617 | 474,246 | 776,803 | 875,702 | 632,369 |
Cash | 16,965,518 | 22,889,503 | 16,768,576 | 18,054,981 | 13,236,767 | 7,305,747 | 7,453,441 | 9,392,024 | 5,489,754 | 4,745,659 | 4,542,714 | 2,207,954 | 3,214,859 | 2,994,482 | 1,549,429 |
misc current assets | |||||||||||||||
total current assets | 33,584,910 | 36,319,946 | 26,797,712 | 27,780,340 | 24,484,650 | 17,994,486 | 15,069,064 | 16,777,982 | 12,300,279 | 15,591,249 | 11,948,131 | 8,398,758 | 10,154,949 | 8,221,243 | 6,882,033 |
total assets | 51,572,327 | 50,846,151 | 40,669,048 | 41,886,010 | 38,757,953 | 32,453,952 | 38,011,934 | 35,194,484 | 26,439,553 | 24,606,949 | 20,774,793 | 17,354,838 | 19,592,439 | 17,855,605 | 15,916,853 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 1,373,664 | 1,428,333 | 1,074,416 | 1,542,091 | 909,317 | 1,232,638 | 1,936,211 | 2,561,181 | 1,488,059 | 864,484 | 999,286 | 750,384 | 1,174,403 | 1,125,094 | 770,196 |
Group/Directors Accounts | |||||||||||||||
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 3,303,829 | 5,069,254 | 3,671,314 | 1,932,420 | 2,724,090 | 2,491,484 | 2,439,102 | 1,829,069 | 1,127,691 | 1,852,627 | 1,795,602 | 1,533,591 | 1,465,806 | 1,098,887 | 873,049 |
total current liabilities | 4,677,493 | 6,497,587 | 4,745,730 | 3,474,511 | 3,633,407 | 3,724,122 | 4,375,313 | 4,390,250 | 2,615,750 | 2,717,111 | 2,794,888 | 2,283,975 | 2,640,209 | 2,223,981 | 1,643,245 |
loans | |||||||||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | 164,884 | 113,284 | 60,892 | 8,280 | |||||||||||
provisions | 35,841 | 334,679 | 408,288 | 229,165 | 95,070 | 48,568 | 9,796 | ||||||||
total long term liabilities | 35,841 | 334,679 | 573,172 | 342,449 | 155,962 | 56,848 | 9,796 | ||||||||
total liabilities | 4,713,334 | 6,497,587 | 4,745,730 | 3,474,511 | 3,968,086 | 4,297,294 | 4,717,762 | 4,546,212 | 2,672,598 | 2,717,111 | 2,794,888 | 2,293,771 | 2,640,209 | 2,223,981 | 1,643,245 |
net assets | 46,858,993 | 44,348,564 | 35,923,318 | 38,411,499 | 34,789,867 | 28,156,658 | 33,294,172 | 30,648,272 | 23,766,955 | 21,889,838 | 17,979,905 | 15,061,067 | 16,952,230 | 15,631,624 | 14,273,608 |
total shareholders funds | 46,858,993 | 44,348,564 | 35,923,318 | 38,411,499 | 34,789,867 | 28,156,658 | 33,294,172 | 30,648,272 | 23,766,955 | 21,889,838 | 17,979,905 | 15,061,067 | 16,952,230 | 15,631,624 | 14,273,608 |
Dec 2023 | 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 | 10,886,088 | 13,983,432 | 11,012,460 | 8,962,959 | 8,701,287 | 5,788,676 | 4,307,794 | 4,430,631 | 2,444,058 | 4,616,858 | 3,838,597 | 2,637,000 | 2,038,205 | 1,709,933 | 1,016,041 |
Depreciation | 1,152,811 | 879,505 | 851,140 | 838,086 | 1,379,932 | 1,027,355 | 827,151 | 853,677 | 779,658 | 765,669 | 1,066,009 | 978,323 | 838,650 | 807,662 | 724,506 |
Amortisation | 27,512 | 52,854 | 7,975 | 13,715 | 13,402 | 7,975 | 20,011 | 32,043 | 32,042 | ||||||
Tax | -2,352,437 | -2,842,043 | -2,045,057 | -1,473,588 | -1,801,565 | -1,329,322 | -1,078,751 | -757,970 | -593,166 | -1,014,337 | -1,127,405 | -917,036 | -746,006 | -501,910 | -301,088 |
Stock | 1,832,035 | 2,264,689 | 1,035,663 | -825,705 | 281,495 | 833,345 | 483,075 | 400,402 | -213,328 | 1,199,474 | -728,303 | -231,948 | 923,141 | 159,549 | 3,344,897 |
Debtors | 1,931,734 | 1,010,973 | -467,791 | -664,602 | 414,068 | 2,239,771 | -253,410 | 175,031 | -3,821,737 | 2,240,699 | 1,942,916 | -517,338 | 790,188 | -265,392 | 1,987,707 |
Creditors | -54,669 | 353,917 | -467,675 | 632,774 | -323,321 | -703,573 | -624,970 | 1,073,122 | 623,575 | -134,802 | 248,902 | -424,019 | 49,309 | 354,898 | 770,196 |
Accruals and Deferred Income | -1,765,425 | 1,397,940 | 1,738,894 | -791,670 | 232,606 | 52,382 | 610,033 | 701,378 | -724,936 | 57,025 | 262,011 | 67,785 | 366,919 | 225,838 | 873,049 |
Deferred Taxes & Provisions | 35,841 | -334,679 | -73,609 | 179,123 | 134,095 | 46,502 | 48,568 | -9,796 | 9,796 | ||||||
Cash flow from operations | 4,138,440 | 10,497,089 | 10,521,890 | 9,324,189 | 7,419,767 | 1,941,525 | 3,973,199 | 5,824,761 | 6,620,797 | 863,955 | 3,077,107 | 3,109,110 | 853,759 | 2,734,307 | -2,217,858 |
Investing Activities | |||||||||||||||
capital expenditure | -848,668 | -5,422,926 | -1,436,472 | -934,451 | -824,656 | -1,015,536 | -547,080 | -653,966 | -1,343,225 | -4,129,577 | |||||
Change in Investments | -8,270,937 | 162,654 | 3,167,338 | 4,940,945 | 832 | ||||||||||
cash flow from investments | 7,422,269 | -5,585,580 | -4,603,810 | -5,875,396 | -824,656 | -1,015,536 | -547,080 | -653,966 | -1,343,225 | -4,130,409 | |||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | |||||||||||||||
Other Short Term Loans | |||||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | -164,884 | 51,600 | 52,392 | 52,612 | 8,280 | ||||||||||
share issue | |||||||||||||||
interest | 613,048 | 96,963 | 11,433 | 26,959 | 51,268 | 104,325 | 8,208 | 8,162 | 18,072 | 9,875 | 122,552 | 17,577 | 24,058 | 53,864 | 42,873 |
cash flow from financing | -395,889 | 1,641,735 | 283,952 | 21,676 | -406,217 | 621,769 | -530,751 | 3,261,268 | 34,505 | 307,412 | 207,646 | -111,127 | 28,407 | 149,993 | 13,558,655 |
cash and cash equivalents | |||||||||||||||
cash | -5,923,985 | 6,120,927 | -1,286,405 | 4,818,214 | 5,931,020 | -147,694 | -1,938,583 | 3,902,270 | 744,095 | 202,945 | 2,334,760 | -1,006,905 | 220,377 | 1,445,053 | 1,549,429 |
overdraft | |||||||||||||||
change in cash | -5,923,985 | 6,120,927 | -1,286,405 | 4,818,214 | 5,931,020 | -147,694 | -1,938,583 | 3,902,270 | 744,095 | 202,945 | 2,334,760 | -1,006,905 | 220,377 | 1,445,053 | 1,549,429 |
belzona international limited Credit Report and Business Information
Belzona International Limited Competitor Analysis

Perform a competitor analysis for belzona international limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in HG1 area or any other competitors across 12 key performance metrics.
belzona international limited Ownership
BELZONA INTERNATIONAL LIMITED group structure
Belzona International Limited has 4 subsidiary companies.
Ultimate parent company
ORBEX LTD
#0000841
1 parent
BELZONA INTERNATIONAL LIMITED
00532158
4 subsidiaries
belzona international limited directors
Belzona International Limited currently has 4 directors. The longest serving directors include Mr Joel Svendsen (Dec 1994) and Mr Jevon Pugh (Nov 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Joel Svendsen | United States | 54 years | Dec 1994 | - | Director |
Mr Jevon Pugh | England | 56 years | Nov 2021 | - | Director |
Mr Neil Robinson | England | 52 years | Nov 2021 | - | Director |
Mr Barry Nisill | England | 45 years | Nov 2021 | - | Director |
P&L
December 2023turnover
46.8m
+6%
operating profit
10.9m
-22%
gross margin
57.9%
-5.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
46.9m
+0.06%
total assets
51.6m
+0.01%
cash
17m
-0.26%
net assets
Total assets minus all liabilities
belzona international limited company details
company number
00532158
Type
Private limited with Share Capital
industry
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
incorporation date
April 1954
age
71
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
belzona metalife limited (December 1993)
belzona international limited (September 1993)
accountant
-
auditor
FORTUS AUDIT LLP
address
claro road harrogate, north yorks, HG1 4DS
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
belzona 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 7 charges/mortgages relating to belzona international limited. Currently there are 3 open charges and 4 have been satisfied in the past.
belzona international 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 BELZONA INTERNATIONAL LIMITED. This can take several minutes, an email will notify you when this has completed.
belzona international limited Companies House Filings - See Documents
date | description | view/download |
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