glaxosmithkline research & development limited

4.5

glaxosmithkline research & development limited Company Information

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Company Number

00835139

Registered Address

79 new oxford street, london, WC1A 1DG

Industry

Other research and experimental development on natural sciences and engineering

 

Telephone

02080475000

Next Accounts Due

September 2025

Group Structure

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Directors

Jerome Andries6 Years

Graham Rivers1 Years

View All

Shareholders

glaxo group ltd 100%

glaxosmithkline research & development limited Estimated Valuation

£3.7b

Pomanda estimates the enterprise value of GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED at £3.7b based on a Turnover of £1.5b and 2.55x industry multiple (adjusted for size and gross margin).

glaxosmithkline research & development limited Estimated Valuation

£2.2b

Pomanda estimates the enterprise value of GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED at £2.2b based on an EBITDA of £197m and a 11.23x industry multiple (adjusted for size and gross margin).

glaxosmithkline research & development limited Estimated Valuation

£2.8b

Pomanda estimates the enterprise value of GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED at £2.8b based on Net Assets of £1.2b and 2.39x industry multiple (adjusted for liquidity).

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Glaxosmithkline Research & Development Limited Overview

Glaxosmithkline Research & Development Limited is a live company located in london, WC1A 1DG with a Companies House number of 00835139. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in January 1965, it's largest shareholder is glaxo group ltd with a 100% stake. Glaxosmithkline Research & Development Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.5b with healthy growth in recent years.

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Glaxosmithkline Research & Development Limited Health Check

Pomanda's financial health check has awarded Glaxosmithkline Research & Development Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £1.5b, make it larger than the average company (£4.4m)

£1.5b - Glaxosmithkline Research & Development Limited

£4.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.4%)

5% - Glaxosmithkline Research & Development Limited

6.4% - Industry AVG

production

Production

with a gross margin of 44%, this company has a comparable cost of product (44%)

44% - Glaxosmithkline Research & Development Limited

44% - Industry AVG

profitability

Profitability

an operating margin of 5.6% make it more profitable than the average company (3.2%)

5.6% - Glaxosmithkline Research & Development Limited

3.2% - Industry AVG

employees

Employees

with 3328 employees, this is above the industry average (49)

3328 - Glaxosmithkline Research & Development Limited

49 - Industry AVG

paystructure

Pay Structure

on an average salary of £167.4k, the company has a higher pay structure (£61.8k)

£167.4k - Glaxosmithkline Research & Development Limited

£61.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £435.8k, this is more efficient (£108.9k)

£435.8k - Glaxosmithkline Research & Development Limited

£108.9k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Glaxosmithkline Research & Development Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 102 days, this is slower than average (46 days)

102 days - Glaxosmithkline Research & Development Limited

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Glaxosmithkline Research & Development Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Glaxosmithkline Research & Development Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.4%, this is a similar level of debt than the average (42.6%)

45.4% - Glaxosmithkline Research & Development Limited

42.6% - Industry AVG

GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED financials

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Glaxosmithkline Research & Development Limited's latest turnover from December 2023 is £1.5 billion and the company has net assets of £1.2 billion. According to their latest financial statements, Glaxosmithkline Research & Development Limited has 3,328 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,450,454,0001,428,563,0001,379,524,0001,262,874,0001,102,779,0001,049,914,0001,077,287,000992,283,0001,015,300,0001,010,257,0001,007,830,0001,025,449,0001,075,393,0001,439,683,0001,246,330,000
Other Income Or Grants000000000000000
Cost Of Sales812,773,899760,540,214747,455,782705,361,065591,302,246559,001,148578,383,311544,483,493548,536,600933,563,000549,176,713580,925,037594,970,420793,573,5920
Gross Profit637,680,101668,022,787632,068,218557,512,935511,476,754490,912,852498,903,689447,799,507466,763,40076,694,000458,653,287444,523,963480,422,580646,109,4080
Admin Expenses557,233,101569,427,787562,779,218452,921,935424,822,754401,525,852406,305,689376,358,507404,931,4000378,703,287381,497,963448,872,580512,603,408-37,792,000
Operating Profit80,447,00098,595,00069,289,000104,591,00086,654,00089,387,00092,598,00071,441,00061,832,00076,694,00079,950,00063,026,00031,550,000133,506,00037,792,000
Interest Payable407,000373,000249,00096,00093,0000060,0000455008,00036,00046,000
Interest Receivable34,531,00011,330,00029,000731,0003,900,0002,773,000736,0001,347,000851,000389,00018,0002,432,0003,332,0002,061,0001,873,000
Pre-Tax Profit114,571,000109,552,00069,069,000105,226,00090,461,00092,160,00093,334,00072,728,00062,683,00077,083,00079,968,00065,081,00034,874,000134,257,00039,619,000
Tax-34,583,000-7,088,000-24,144,000-32,606,000-18,328,000-19,037,000-18,635,000-9,048,000-3,927,000-13,746,000804,0001,639,00012,268,000-14,915,00011,159,000
Profit After Tax79,988,000102,464,00044,925,00072,620,00072,133,00073,123,00074,699,00063,680,00058,756,00063,337,00080,772,00066,720,00047,142,000119,342,00050,778,000
Dividends Paid0400,000,0000000000000350,000,00000
Retained Profit79,988,000-297,536,00044,925,00072,620,00072,133,00073,123,00074,699,00063,680,00058,756,00063,337,00080,772,00066,720,000-302,858,000119,342,00050,778,000
Employee Costs557,119,000458,715,000448,589,000457,993,000453,811,000415,967,000400,426,000398,095,000378,863,000366,748,000393,886,000344,761,00000411,670,000
Number Of Employees3,3283,2453,2593,2603,3173,4393,8313,8033,6923,5713,0463,3143,6554,3034,645
EBITDA*196,964,000201,862,000178,181,000206,136,000175,849,000163,205,000156,646,000188,587,000144,456,000136,686,000151,218,000142,196,000122,030,000398,105,000231,128,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets520,602,000519,454,000505,635,000536,561,000549,246,000550,055,000569,011,000546,820,000640,334,000669,600,000674,948,000680,504,000720,385,000814,878,0001,045,429,000
Intangible Assets181,573,000168,554,000111,477,00090,608,00091,322,00088,496,00089,016,00094,017,00051,424,00027,011,00000000
Investments & Other5,914,000018,488,00020,361,00021,637,00023,565,00027,641,00027,301,00017,024,00055,00055,00055,000432,000432,0001,706,000
Debtors (Due After 1 year)818,266,000736,668,000000000012,006,00013,156,00003,733,0002,582,0002,453,000
Total Fixed Assets1,526,355,0001,424,676,000635,600,000647,530,000662,205,000662,116,000685,668,000668,138,000708,782,000708,672,000688,159,000680,559,000724,550,000817,892,0001,049,588,000
Stock & work in progress000000000000000
Trade Debtors0000000002,00000000
Group Debtors601,420,000425,569,0001,362,852,0001,498,106,0001,255,658,0001,156,154,000987,448,000940,107,000856,815,0001,441,999,000742,988,000687,586,000924,837,0001,165,054,000830,401,000
Misc Debtors51,707,00069,542,00027,421,00057,369,00068,930,0005,523,0007,292,0006,316,00060,808,00054,891,00024,514,00045,953,00035,654,00049,958,00043,969,000
Cash000002,000022,0006,000000000
misc current assets0018,813,0000036,403,00041,510,00035,785,00022,691,000000000
total current assets653,127,000495,111,0001,409,086,0001,555,475,0001,324,588,0001,198,082,0001,036,250,000982,230,000940,320,0001,496,892,000767,502,000733,539,000960,491,0001,215,012,000874,370,000
total assets2,179,482,0001,919,787,0002,044,686,0002,203,005,0001,986,793,0001,860,198,0001,721,918,0001,650,368,0001,649,102,0002,205,564,0001,455,661,0001,414,098,0001,685,041,0002,032,904,0001,923,958,000
Bank overdraft00000072,0000014,00000000
Bank loan000000000000000
Trade Creditors 227,505,000170,028,000181,631,000203,951,000209,031,000165,901,000153,922,000155,549,000113,466,000123,558,00077,202,00059,736,00078,753,00066,658,00065,353,000
Group/Directors Accounts480,845,000313,741,000183,710,000353,182,000232,607,000245,307,000201,211,000188,651,000294,576,000886,156,000219,623,000285,234,000573,181,000497,485,000581,537,000
other short term finances0000544,0000000000000
hp & lease commitments698,000881,000938,000917,000000000000491,000685,000
other current liabilities263,784,000288,443,000176,222,000190,270,000146,615,000124,029,000104,631,000107,803,00089,726,00093,700,000116,605,000104,168,000107,456,000184,114,00058,713,000
total current liabilities972,832,000773,093,000542,501,000748,320,000588,797,000535,237,000459,836,000452,003,000497,768,0001,103,428,000413,430,000449,138,000759,390,000748,748,000706,288,000
loans000000000000000
hp & lease commitments14,790,00015,315,0005,878,0003,641,0004,102,000000000000476,000
Accruals and Deferred Income1,480,0001,574,0001,668,0001,762,0001,856,0001,949,0001,949,0002,043,0002,138,0002,231,0002,325,0002,419,0002,512,0002,606,0003,082,000
other liabilities000000000000537,0001,816,0003,131,000
provisions019,413,00086,711,00086,279,000101,516,000104,617,000114,875,000125,698,000142,448,000151,913,000155,251,000158,658,000185,439,000239,713,000290,302,000
total long term liabilities16,270,00036,302,00094,257,00091,682,000107,474,000106,566,000116,824,000127,741,000144,586,000154,144,000157,576,000161,077,000188,488,000244,135,000296,991,000
total liabilities989,102,000809,395,000636,758,000840,002,000696,271,000641,803,000576,660,000579,744,000642,354,0001,257,572,000571,006,000610,215,000947,878,000992,883,0001,003,279,000
net assets1,190,380,0001,110,392,0001,407,928,0001,363,003,0001,290,522,0001,218,395,0001,145,258,0001,070,624,0001,006,748,000947,992,000884,655,000803,883,000737,163,0001,040,021,000920,679,000
total shareholders funds1,190,380,0001,110,392,0001,407,928,0001,363,003,0001,290,522,0001,218,395,0001,145,258,0001,070,624,0001,006,748,000947,992,000884,655,000803,883,000737,163,0001,040,021,000920,679,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit80,447,00098,595,00069,289,000104,591,00086,654,00089,387,00092,598,00071,441,00061,832,00076,694,00079,950,00063,026,00031,550,000133,506,00037,792,000
Depreciation63,560,00074,342,00087,843,00057,611,00058,131,00051,868,00045,585,000102,844,00071,093,00059,992,00071,268,00079,170,00090,480,000264,599,000193,336,000
Amortisation52,957,00028,925,00021,049,00043,934,00031,064,00021,950,00018,463,00014,302,00011,531,000000000
Tax-34,583,000-7,088,000-24,144,000-32,606,000-18,328,000-19,037,000-18,635,000-9,048,000-3,927,000-13,746,000804,0001,639,00012,268,000-14,915,00011,159,000
Stock000000000000000
Debtors239,614,000-158,494,000-165,202,000230,887,000162,911,000166,937,00048,317,00028,800,000-591,275,000728,240,00047,119,000-230,685,000-253,370,000340,771,000876,823,000
Creditors57,477,000-11,603,000-22,320,000-5,080,00043,130,00011,979,000-1,627,00042,083,000-10,092,00046,356,00017,466,000-19,017,00012,095,0001,305,00065,353,000
Accruals and Deferred Income-24,753,000112,127,000-14,142,00043,561,00022,493,00019,398,000-3,266,00017,982,000-4,067,000-22,999,00012,343,000-3,381,000-76,752,000124,925,00061,795,000
Deferred Taxes & Provisions-19,413,000-67,298,000432,000-15,237,000-3,101,000-10,258,000-10,823,000-16,750,000-9,465,000-3,338,000-3,407,000-26,781,000-54,274,000-50,589,000290,302,000
Cash flow from operations-63,922,000386,494,000283,209,000-34,113,00057,132,000-1,650,00073,978,000194,054,000708,180,000-585,281,000131,305,000325,341,000268,737,000118,060,000-217,086,000
Investing Activities
capital expenditure-130,684,000-174,163,000-98,835,000-88,146,000-91,212,000-54,342,000-81,238,000-66,225,000-77,771,000-81,655,000-65,712,000-39,289,0004,013,000-34,048,000-1,238,765,000
Change in Investments5,914,000-18,488,000-1,873,000-1,276,000-1,928,000-4,076,000340,00010,277,00016,969,00000-377,0000-1,274,0001,706,000
cash flow from investments-136,598,000-155,675,000-96,962,000-86,870,000-89,284,000-50,266,000-81,578,000-76,502,000-94,740,000-81,655,000-65,712,000-38,912,0004,013,000-32,774,000-1,240,471,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts167,104,000130,031,000-169,472,000120,575,000-12,700,00044,096,00012,560,000-105,925,000-591,580,000666,533,000-65,611,000-287,947,00075,696,000-84,052,000581,537,000
Other Short Term Loans 000-544,000544,0000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-708,0009,380,0002,258,000456,0004,102,0000000000-491,000-670,0001,161,000
other long term liabilities00000000000-537,000-1,279,000-1,315,0003,131,000
share issue000-139,000-6,00014,000-65,000196,000000000869,901,000
interest34,124,00010,957,000-220,000635,0003,807,0002,773,000736,0001,287,000851,000388,54518,0002,432,0003,324,0002,025,0001,827,000
cash flow from financing200,520,000150,368,000-167,434,000120,983,000-4,253,00046,883,00013,231,000-104,442,000-590,729,000666,921,545-65,593,000-286,052,00077,250,000-84,012,0001,457,557,000
cash and cash equivalents
cash0000-2,0002,000-22,00016,0006,000000000
overdraft00000-72,00072,0000-14,00014,00000000
change in cash0000-2,00074,000-94,00016,00020,000-14,00000000

glaxosmithkline research & development limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Glaxosmithkline Research & Development Limited Competitor Analysis

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Perform a competitor analysis for glaxosmithkline research & development limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in WC1A area or any other competitors across 12 key performance metrics.

glaxosmithkline research & development limited Ownership

GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED group structure

Glaxosmithkline Research & Development Limited has no subsidiary companies.

Ultimate parent company

2 parents

GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED

00835139

GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED Shareholders

glaxo group ltd 100%

glaxosmithkline research & development limited directors

Glaxosmithkline Research & Development Limited currently has 6 directors. The longest serving directors include Mr Jerome Andries (Apr 2018) and Mr Graham Rivers (Sep 2023).

officercountryagestartendrole
Mr Jerome AndriesUnited Kingdom55 years Apr 2018- Director
Mr Graham RiversUnited Kingdom53 years Sep 2023- Director
Mr Christopher PickeringUnited Kingdom51 years May 2024- Director
Dr Kaivan KhavandiUnited Kingdom39 years May 2024- Director
Mrs Demet Gurunlu RussUnited Kingdom53 years Jun 2024- Director
Mr Aidan LynchUnited Kingdom60 years Aug 2024- Director

P&L

December 2023

turnover

1.5b

+2%

operating profit

80.4m

-18%

gross margin

44%

-5.98%

turnover

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

Balance Sheet

December 2023

net assets

1.2b

+0.07%

total assets

2.2b

+0.14%

cash

0

0%

net assets

Total assets minus all liabilities

glaxosmithkline research & development limited company details

company number

00835139

Type

Private limited with Share Capital

industry

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

January 1965

age

59

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

glaxo research and development limited (December 2001)

glaxo group research limited (January 1994)

accountant

-

auditor

DELOITTE LLP

address

79 new oxford street, london, WC1A 1DG

Bank

-

Legal Advisor

-

glaxosmithkline research & development 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 1 charges/mortgages relating to glaxosmithkline research & development limited. Currently there are 0 open charges and 1 have been satisfied in the past.

charges

glaxosmithkline research & development limited Companies House Filings - See Documents

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