braitrim (u.k.) limited
braitrim (u.k.) limited Company Information
Company Number
00705044
Next Accounts
Apr 2025
Shareholders
braitrim group ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
c/o duff & phelps ltd the shar, 32 london bridge street, london, london, SE1 9SG
Website
braiform.combraitrim (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of BRAITRIM (U.K.) LIMITED at £3.1m based on a Turnover of £8.8m and 0.35x industry multiple (adjusted for size and gross margin).
braitrim (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of BRAITRIM (U.K.) LIMITED at £0 based on an EBITDA of £-1.3m and a 2.68x industry multiple (adjusted for size and gross margin).
braitrim (u.k.) limited Estimated Valuation
Pomanda estimates the enterprise value of BRAITRIM (U.K.) LIMITED at £88.2k based on Net Assets of £53k and 1.67x industry multiple (adjusted for liquidity).
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Braitrim (u.k.) Limited Overview
Braitrim (u.k.) Limited is a dissolved company that was located in london, SE1 9SG with a Companies House number of 00705044. It operated in the manufacture of other plastic products sector, SIC Code 22290. Founded in October 1961, it's largest shareholder was braitrim group ltd with a 100% stake. The last turnover for Braitrim (u.k.) Limited was estimated at £8.8m.
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Braitrim (u.k.) Limited Health Check
Pomanda's financial health check has awarded Braitrim (U.K.) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
7 Weak
Size
annual sales of £8.8m, make it smaller than the average company (£13.2m)
£8.8m - Braitrim (u.k.) Limited
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.2%)
1% - Braitrim (u.k.) Limited
5.2% - Industry AVG
Production
with a gross margin of 11.3%, this company has a higher cost of product (29.3%)
11.3% - Braitrim (u.k.) Limited
29.3% - Industry AVG
Profitability
an operating margin of -15.2% make it less profitable than the average company (6.4%)
-15.2% - Braitrim (u.k.) Limited
6.4% - Industry AVG
Employees
with 110 employees, this is similar to the industry average (103)
110 - Braitrim (u.k.) Limited
103 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£31.7k)
£33.8k - Braitrim (u.k.) Limited
£31.7k - Industry AVG
Efficiency
resulting in sales per employee of £79.8k, this is less efficient (£141.4k)
£79.8k - Braitrim (u.k.) Limited
£141.4k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (61 days)
61 days - Braitrim (u.k.) Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 227 days, this is slower than average (47 days)
227 days - Braitrim (u.k.) Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is in line with average (51 days)
43 days - Braitrim (u.k.) Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (9 weeks)
2 weeks - Braitrim (u.k.) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.8%, this is a higher level of debt than the average (48.7%)
99.8% - Braitrim (u.k.) Limited
48.7% - Industry AVG
BRAITRIM (U.K.) LIMITED financials
Braitrim (U.K.) Limited's latest turnover from June 2018 is £8.8 million and the company has net assets of £53 thousand. According to their latest financial statements, Braitrim (U.K.) Limited has 110 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jul 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,778,000 | 7,701,000 | 9,225,000 | 8,605,000 | 8,861,000 | 9,368,000 | 9,950,000 | 12,856,000 | 13,793,000 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 7,783,000 | 6,805,000 | 8,317,000 | 7,679,000 | 7,624,000 | 8,228,000 | 9,449,000 | 10,990,000 | 10,461,000 |
| Gross Profit | 995,000 | 896,000 | 908,000 | 926,000 | 1,237,000 | 1,140,000 | 501,000 | 1,866,000 | 3,332,000 |
| Admin Expenses | 2,330,000 | 65,000 | 3,448,000 | 3,090,000 | 2,536,000 | 3,015,000 | 2,461,000 | 3,070,000 | 4,144,000 |
| Operating Profit | -1,335,000 | 831,000 | -2,540,000 | -2,164,000 | -1,299,000 | -1,875,000 | -1,960,000 | -1,204,000 | -812,000 |
| Interest Payable | 53,000 | 45,000 | 50,000 | 54,000 | 4,000 | ||||
| Interest Receivable | 1,000 | ||||||||
| Pre-Tax Profit | -1,388,000 | 786,000 | -2,590,000 | -1,141,000 | -735,000 | -1,873,000 | -1,959,000 | -1,204,000 | -816,000 |
| Tax | 43,000 | -4,000 | -13,000 | ||||||
| Profit After Tax | -1,388,000 | 786,000 | -2,590,000 | -1,141,000 | -735,000 | -1,830,000 | -1,963,000 | -1,204,000 | -829,000 |
| Dividends Paid | |||||||||
| Retained Profit | -1,388,000 | 786,000 | -2,590,000 | -1,141,000 | -735,000 | -1,830,000 | -1,963,000 | -1,204,000 | -829,000 |
| Employee Costs | 3,718,000 | 3,984,000 | 3,878,000 | 3,971,000 | 4,191,000 | 4,240,000 | 5,018,000 | 4,999,000 | 4,573,000 |
| Number Of Employees | 110 | 122 | 124 | 125 | 134 | 144 | 160 | 174 | 157 |
| EBITDA* | -1,335,000 | 1,000,000 | -2,415,000 | -2,004,000 | -1,060,000 | -1,560,000 | -1,621,000 | -859,000 | -468,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jul 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 378,000 | 241,000 | 378,000 | 644,000 | 878,000 | 1,022,000 | |||
| Intangible Assets | 51,000 | 81,000 | 110,000 | 86,000 | |||||
| Investments & Other | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | |||
| Debtors (Due After 1 year) | 55,000 | ||||||||
| Total Fixed Assets | 69,000 | 392,000 | 255,000 | 443,000 | 739,000 | 1,002,000 | 1,108,000 | ||
| Stock & work in progress | 937,000 | 1,107,000 | 1,223,000 | 1,182,000 | 1,111,000 | 1,194,000 | 1,708,000 | 1,704,000 | 1,796,000 |
| Trade Debtors | 1,470,000 | 1,304,000 | 867,000 | 1,191,000 | 1,139,000 | 979,000 | 1,157,000 | 1,519,000 | 1,721,000 |
| Group Debtors | 26,266,000 | 28,145,000 | 23,989,000 | 24,412,000 | 27,666,000 | 26,582,000 | 25,690,000 | 26,495,000 | 25,379,000 |
| Misc Debtors | 671,000 | 557,000 | 533,000 | 661,000 | 546,000 | 606,000 | 1,560,000 | 887,000 | 812,000 |
| Cash | 1,179,000 | 71,000 | 33,000 | 162,000 | 208,000 | 533,000 | 155,000 | 891,000 | 815,000 |
| misc current assets | |||||||||
| total current assets | 30,523,000 | 31,184,000 | 26,645,000 | 27,608,000 | 30,670,000 | 29,894,000 | 30,270,000 | 31,496,000 | 30,523,000 |
| total assets | 30,523,000 | 31,184,000 | 26,714,000 | 28,000,000 | 30,925,000 | 30,337,000 | 31,009,000 | 32,498,000 | 31,631,000 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 4,856,000 | 2,567,000 | 1,383,000 | 1,335,000 | 1,619,000 | 827,000 | 1,565,000 | 1,176,000 | 2,180,000 |
| Group/Directors Accounts | 23,997,000 | 25,483,000 | 23,505,000 | 21,524,000 | 23,866,000 | 22,726,000 | 20,570,000 | 19,857,000 | 17,137,000 |
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 1,617,000 | 1,693,000 | 1,116,000 | 1,896,000 | 1,001,000 | 1,610,000 | 1,870,000 | 2,498,000 | 2,143,000 |
| total current liabilities | 30,470,000 | 29,743,000 | 26,004,000 | 24,755,000 | 26,486,000 | 25,163,000 | 24,005,000 | 23,531,000 | 21,460,000 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 55,000 | ||||||||
| provisions | |||||||||
| total long term liabilities | 55,000 | ||||||||
| total liabilities | 30,470,000 | 29,743,000 | 26,059,000 | 24,755,000 | 26,486,000 | 25,163,000 | 24,005,000 | 23,531,000 | 21,460,000 |
| net assets | 53,000 | 1,441,000 | 655,000 | 3,245,000 | 4,439,000 | 5,174,000 | 7,004,000 | 8,967,000 | 10,171,000 |
| total shareholders funds | 53,000 | 1,441,000 | 655,000 | 3,245,000 | 4,439,000 | 5,174,000 | 7,004,000 | 8,967,000 | 10,171,000 |
| Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jul 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -1,335,000 | 831,000 | -2,540,000 | -2,164,000 | -1,299,000 | -1,875,000 | -1,960,000 | -1,204,000 | -812,000 |
| Depreciation | 169,000 | 125,000 | 160,000 | 188,000 | 285,000 | 310,000 | 321,000 | 315,000 | |
| Amortisation | 51,000 | 30,000 | 29,000 | 24,000 | 29,000 | ||||
| Tax | 43,000 | -4,000 | -13,000 | ||||||
| Stock | -170,000 | -116,000 | 41,000 | 71,000 | -83,000 | -514,000 | 4,000 | -92,000 | 1,796,000 |
| Debtors | -1,599,000 | 4,562,000 | -820,000 | -3,087,000 | 1,184,000 | -240,000 | -494,000 | 989,000 | 27,912,000 |
| Creditors | 2,289,000 | 1,184,000 | 48,000 | -284,000 | 792,000 | -738,000 | 389,000 | -1,004,000 | 2,180,000 |
| Accruals and Deferred Income | -76,000 | 577,000 | -780,000 | 895,000 | -609,000 | -260,000 | -628,000 | 355,000 | 2,143,000 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | 2,647,000 | -1,685,000 | -2,368,000 | 1,623,000 | -1,978,000 | -1,761,000 | -1,374,000 | -2,405,000 | -25,866,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -14,000 | 14,000 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -1,486,000 | 1,978,000 | 1,981,000 | -2,342,000 | 1,140,000 | 2,156,000 | 713,000 | 2,720,000 | 17,137,000 |
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -55,000 | 55,000 | |||||||
| share issue | |||||||||
| interest | -53,000 | -45,000 | -50,000 | -54,000 | 1,000 | -4,000 | |||
| cash flow from financing | -1,539,000 | 1,878,000 | 1,986,000 | -2,449,000 | 1,140,000 | 2,156,000 | 714,000 | 2,720,000 | 28,133,000 |
| cash and cash equivalents | |||||||||
| cash | 1,108,000 | 38,000 | -129,000 | -46,000 | -325,000 | 378,000 | -736,000 | 76,000 | 815,000 |
| overdraft | |||||||||
| change in cash | 1,108,000 | 38,000 | -129,000 | -46,000 | -325,000 | 378,000 | -736,000 | 76,000 | 815,000 |
braitrim (u.k.) limited Credit Report and Business Information
Braitrim (u.k.) Limited Competitor Analysis
Perform a competitor analysis for braitrim (u.k.) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in SE1 area or any other competitors across 12 key performance metrics.
braitrim (u.k.) limited Ownership
BRAITRIM (U.K.) LIMITED group structure
Braitrim (U.K.) Limited has no subsidiary companies.
Ultimate parent company
PHOEINX TWO INVESTMENTS LTD
#0087676
2 parents
BRAITRIM (U.K.) LIMITED
00705044
braitrim (u.k.) limited directors
Braitrim (U.K.) Limited currently has 2 directors. The longest serving directors include Mr Graeme Rutherford (Mar 2009) and Mr Ben Hunt (Nov 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graeme Rutherford | 50 years | Mar 2009 | - | Director | |
| Mr Ben Hunt | 48 years | Nov 2013 | - | Director |
P&L
June 2018turnover
8.8m
+14%
operating profit
-1.3m
-261%
gross margin
11.4%
-2.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2018net assets
53k
-0.96%
total assets
30.5m
-0.02%
cash
1.2m
+15.61%
net assets
Total assets minus all liabilities
braitrim (u.k.) limited company details
company number
00705044
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
October 1961
age
64
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2018
previous names
braitrim (london) limited (September 1989)
accountant
-
auditor
-
address
c/o duff & phelps ltd the shar, 32 london bridge street, london, london, SE1 9SG
Bank
HSBC BANK PLC
Legal Advisor
-
braitrim (u.k.) 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 12 charges/mortgages relating to braitrim (u.k.) limited. Currently there are 0 open charges and 12 have been satisfied in the past.
braitrim (u.k.) 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 BRAITRIM (U.K.) LIMITED. This can take several minutes, an email will notify you when this has completed.
braitrim (u.k.) limited Companies House Filings - See Documents
| date | description | view/download |
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