flogas britain limited

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flogas britain limited Company Information

Share FLOGAS BRITAIN LIMITED

Company Number

00993638

Directors

James Rudman

Alan Kirk

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Shareholders

flogas ltd

dcc plc

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Group Structure

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Industry

Wholesale of petroleum and petroleum products

 

Registered Address

81 rayns way, syston, leicester, leicestershire, LE7 1PF

flogas britain limited Estimated Valuation

£871.7m

Pomanda estimates the enterprise value of FLOGAS BRITAIN LIMITED at £871.7m based on a Turnover of £373.5m and 2.33x industry multiple (adjusted for size and gross margin).

flogas britain limited Estimated Valuation

£1.7b

Pomanda estimates the enterprise value of FLOGAS BRITAIN LIMITED at £1.7b based on an EBITDA of £61.9m and a 27.23x industry multiple (adjusted for size and gross margin).

flogas britain limited Estimated Valuation

£156.8m

Pomanda estimates the enterprise value of FLOGAS BRITAIN LIMITED at £156.8m based on Net Assets of £90.7m and 1.73x industry multiple (adjusted for liquidity).

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Flogas Britain Limited Overview

Flogas Britain Limited is a live company located in leicester, LE7 1PF with a Companies House number of 00993638. It operates in the wholesale of petroleum and petroleum products sector, SIC Code 46711. Founded in November 1970, it's largest shareholder is flogas ltd with a 100% stake. Flogas Britain Limited is a mature, mega sized company, Pomanda has estimated its turnover at £373.5m with high growth in recent years.

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Flogas Britain Limited Health Check

Pomanda's financial health check has awarded Flogas Britain Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £373.5m, make it larger than the average company (£65m)

£373.5m - Flogas Britain Limited

£65m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (12.4%)

15% - Flogas Britain Limited

12.4% - Industry AVG

production

Production

with a gross margin of 39.8%, this company has a lower cost of product (7.2%)

39.8% - Flogas Britain Limited

7.2% - Industry AVG

profitability

Profitability

an operating margin of 9.1% make it more profitable than the average company (1.9%)

9.1% - Flogas Britain Limited

1.9% - Industry AVG

employees

Employees

with 1215 employees, this is above the industry average (25)

1215 - Flogas Britain Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.7k, the company has an equivalent pay structure (£48.2k)

£51.7k - Flogas Britain Limited

£48.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £307.4k, this is less efficient (£1.7m)

£307.4k - Flogas Britain Limited

£1.7m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 29 days, this is near the average (27 days)

29 days - Flogas Britain Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is slower than average (24 days)

42 days - Flogas Britain Limited

24 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 16 days, this is more than average (4 days)

16 days - Flogas Britain Limited

4 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (10 weeks)

3 weeks - Flogas Britain Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 79.1%, this is a higher level of debt than the average (70.3%)

79.1% - Flogas Britain Limited

70.3% - Industry AVG

FLOGAS BRITAIN LIMITED financials

EXPORTms excel logo

Flogas Britain Limited's latest turnover from March 2024 is £373.5 million and the company has net assets of £90.7 million. According to their latest financial statements, Flogas Britain Limited has 1,215 employees and maintains cash reserves of £12.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover373,454,000395,210,000319,622,000244,897,000258,262,000246,605,000213,364,000187,265,000185,765,000216,863,000228,616,000191,756,000171,417,000175,665,000145,061,000
Other Income Or Grants
Cost Of Sales224,848,000259,815,000199,238,000131,942,000144,983,000150,085,000121,158,000101,125,000100,041,000146,446,000162,808,000135,167,000126,082,000125,635,00093,853,000
Gross Profit148,606,000135,395,000120,384,000112,955,000113,279,00096,520,00092,206,00086,140,00085,724,00070,417,00065,808,00056,589,00045,335,00050,030,00051,208,000
Admin Expenses114,716,00098,735,00083,112,00090,532,00089,839,00080,949,00073,228,00071,810,00065,724,00053,126,00047,822,00044,703,00040,540,00037,105,00038,398,000
Operating Profit33,890,00036,660,00037,272,00022,423,00023,440,00015,571,00018,978,00014,330,00020,000,00017,291,00017,986,00011,886,0004,795,00012,925,00012,810,000
Interest Payable16,484,00010,187,0004,788,0006,053,0006,558,0005,993,0004,855,0004,856,0005,266,0003,761,0002,651,0002,460,0002,006,0003,030,0003,379,000
Interest Receivable661,000287,00074,00090,000100,000373,000267,000
Pre-Tax Profit19,433,00026,760,00035,558,00016,460,00016,982,0009,882,00014,131,0009,487,00015,107,00013,797,00017,281,00017,649,0003,021,0009,683,0009,238,000
Tax-4,801,000-5,482,000-10,505,000-4,967,000-4,637,000-2,624,000-2,858,000-2,556,000-3,337,000-3,554,000-2,924,000-2,804,000-183,000-2,588,000-2,325,000
Profit After Tax14,632,00021,278,00025,053,00011,493,00012,345,0007,258,00011,273,0006,931,00011,770,00010,243,00014,357,00014,845,0002,838,0007,095,0006,913,000
Dividends Paid32,000,00015,000,00012,000,00025,000,0008,000,0008,000,0005,000,00010,000,00038,000,000
Retained Profit-17,368,0006,278,00013,053,00011,493,00012,345,0007,258,000-13,727,000-1,069,0003,770,0005,243,0004,357,000-23,155,0002,838,0007,095,0006,913,000
Employee Costs62,876,00057,667,00051,761,00047,773,00045,183,00034,349,00032,330,00032,510,00030,520,00023,197,00021,318,00019,448,00019,257,00019,040,00019,180,000
Number Of Employees1,2151,1811,1341,0911,0791,055955919886841811721747753763
EBITDA*61,943,00062,294,00062,039,00046,699,00047,801,00037,283,00039,444,00033,944,00035,715,00032,149,00030,786,00021,307,00015,656,00025,016,00024,356,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets246,179,000230,086,000205,215,000177,577,000156,636,000147,626,000122,573,000110,596,000104,105,000100,759,00096,974,00066,378,00063,080,00059,359,00058,680,000
Intangible Assets16,580,00019,118,00021,982,00025,509,00028,778,00032,694,00019,136,00020,480,00025,910,00027,284,00029,592,00012,336,00013,569,00014,742,00015,830,000
Investments & Other86,460,00029,726,00020,502,00019,699,00020,334,00018,229,00017,502,00016,534,00017,714,00017,365,00017,365,00015,365,0005,101,0005,101,0005,101,000
Debtors (Due After 1 year)
Total Fixed Assets349,219,000278,930,000247,699,000222,785,000205,748,000198,549,000159,211,000147,610,000147,729,000145,408,000143,931,00094,079,00081,750,00079,202,00079,611,000
Stock & work in progress9,866,0007,378,0006,044,0006,077,0005,381,0005,957,0004,633,0004,436,0004,238,0004,469,0005,479,0004,889,0006,311,0005,700,0005,283,000
Trade Debtors30,054,00037,839,00031,699,00034,117,00031,523,00028,408,00031,677,00026,627,00022,429,00026,623,00024,911,00021,552,00018,950,00019,859,00017,722,000
Group Debtors6,859,0008,651,0006,395,0004,906,0008,480,0005,007,0006,054,0005,983,00011,527,00010,746,0009,056,00050,331,0006,012,0005,175,0005,733,000
Misc Debtors25,083,00017,337,00048,768,00020,253,00012,245,00012,942,00011,397,00013,498,0008,776,00010,061,0005,146,0007,124,0007,518,0006,813,0006,443,000
Cash12,648,0008,115,0006,308,0007,406,00011,188,0009,222,0006,335,0004,852,0007,286,0008,502,0005,282,0004,453,0003,176,0006,293,0008,212,000
misc current assets1,354,000
total current assets85,864,00079,320,00099,214,00072,759,00068,817,00061,536,00060,096,00055,396,00054,256,00060,401,00049,874,00088,349,00041,967,00043,840,00043,393,000
total assets435,083,000358,250,000346,913,000295,544,000274,565,000260,085,000219,307,000203,006,000201,985,000205,809,000193,805,000182,428,000123,717,000123,042,000123,004,000
Bank overdraft
Bank loan
Trade Creditors 25,878,00028,433,00030,388,00024,584,00015,453,00020,862,00019,795,00017,154,00010,506,00015,933,00019,948,00015,565,00013,128,00020,043,00022,612,000
Group/Directors Accounts124,762,00076,147,00075,788,000123,099,000115,360,000101,500,00069,341,00047,633,00051,673,00083,033,00029,888,00070,309,00038,247,00062,338,00059,628,000
other short term finances6,366,0007,517,000132,000162,0001,074,000701,0002,481,000
hp & lease commitments3,0004,0004,0004,0004,000
other current liabilities43,437,00034,083,00024,039,00021,742,00022,615,00016,836,00016,975,00014,302,00013,842,00013,552,00011,228,0008,935,0005,653,0006,452,0005,755,000
total current liabilities200,443,000146,180,000130,347,000169,587,000153,428,000139,198,000106,111,00080,166,00076,726,000115,003,00061,068,00094,813,00057,028,00088,833,00087,995,000
loans113,629,00093,613,00077,473,00020,087,00050,786,00050,000,00050,000,00050,000,00050,000,00020,000,00062,531,00032,522,00032,367,0002,471,00011,087,000
hp & lease commitments6,00012,000
Accruals and Deferred Income6,605,0005,930,0006,036,0006,689,0005,236,0005,158,0005,191,0004,994,0005,584,0006,086,0006,398,000
other liabilities188,000
provisions23,659,00011,516,00017,457,00010,235,0004,609,0005,682,0004,666,0004,166,0004,540,0003,854,0005,931,00011,003,0004,930,0004,845,0003,428,000
total long term liabilities143,893,000111,059,000100,966,00037,011,00060,631,00060,840,00059,857,00059,690,00060,124,00031,515,00075,810,00045,095,00038,178,0008,478,00016,370,000
total liabilities344,336,000257,239,000231,313,000206,598,000214,059,000200,038,000165,968,000139,856,000136,850,000146,518,000136,878,000139,908,00095,206,00097,311,000104,365,000
net assets90,747,000101,011,000115,600,00088,946,00060,506,00060,047,00053,339,00063,150,00065,135,00059,291,00056,927,00042,520,00028,511,00025,731,00018,639,000
total shareholders funds90,747,000101,011,000115,600,00088,946,00060,506,00060,047,00053,339,00063,150,00065,135,00059,291,00056,927,00042,520,00028,511,00025,731,00018,639,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit33,890,00036,660,00037,272,00022,423,00023,440,00015,571,00018,978,00014,330,00020,000,00017,291,00017,986,00011,886,0004,795,00012,925,00012,810,000
Depreciation25,482,00022,667,00021,240,00020,125,00019,725,00017,135,00017,511,00012,796,00012,598,00012,649,00010,777,0008,188,0009,668,00010,903,00010,358,000
Amortisation2,571,0002,967,0003,527,0004,151,0004,636,0004,577,0002,955,0006,818,0003,117,0002,209,0002,023,0001,233,0001,193,0001,188,0001,188,000
Tax-4,801,000-5,482,000-10,505,000-4,967,000-4,637,000-2,624,000-2,858,000-2,556,000-3,337,000-3,554,000-2,924,000-2,804,000-183,000-2,588,000-2,325,000
Stock2,488,0001,334,000-33,000696,000-576,0001,324,000197,000198,000-231,000-1,010,000590,000-1,422,000611,000417,0005,283,000
Debtors-1,831,000-23,035,00027,586,0007,028,0005,891,000-2,771,0003,020,0003,376,000-4,698,0008,317,000-39,894,00046,527,000633,0001,949,00029,898,000
Creditors-2,555,000-1,955,0005,804,0009,131,000-5,409,0001,067,0002,641,0006,648,000-5,427,000-4,015,0004,383,0002,437,000-6,915,000-2,569,00022,612,000
Accruals and Deferred Income10,029,0009,938,0001,644,000580,0005,857,000-172,0002,870,000-130,000-212,0002,012,0008,691,0003,282,000-799,000697,0005,755,000
Deferred Taxes & Provisions12,143,000-5,941,0007,222,0005,626,000-1,073,0001,016,000500,000-374,000686,000-2,077,000-5,072,0006,073,00085,0001,417,0003,428,000
Cash flow from operations76,102,00080,555,00038,651,00049,345,00037,224,00038,017,00039,380,00033,958,00032,354,00017,208,00075,168,000-14,810,0006,600,00019,607,00018,645,000
Investing Activities
capital expenditure-41,608,000-47,641,000-48,878,000-41,948,000-29,455,000-60,323,000-31,099,000-20,675,000-17,687,000-16,335,000-60,652,000-11,486,000-13,409,000-11,682,000-86,056,000
Change in Investments56,734,0009,224,000803,000-635,0002,105,000727,000968,000-1,180,000349,0002,000,00010,264,0005,101,000
cash flow from investments-98,342,000-56,865,000-49,681,000-41,313,000-31,560,000-61,050,000-32,067,000-19,495,000-18,036,000-16,335,000-62,652,000-21,750,000-13,409,000-11,682,000-91,157,000
Financing Activities
Bank loans
Group/Directors Accounts48,615,000359,000-47,311,0007,739,00013,860,00032,159,00021,708,000-4,040,000-31,360,00053,145,000-40,421,00032,062,000-24,091,0002,710,00059,628,000
Other Short Term Loans -1,151,0007,385,000-30,000162,000-1,074,000373,000-1,780,0002,481,000
Long term loans20,016,00016,140,00057,386,000-30,699,000786,00030,000,000-42,531,00030,009,000155,00029,896,000-8,616,00011,087,000
Hire Purchase and Lease Commitments-3,000-1,000-6,000-6,00012,0004,000
other long term liabilities-188,000188,000
share issue7,104,000-20,867,00013,601,00016,947,000-11,886,000-550,0003,916,000-916,0002,074,000-2,879,00010,050,00037,164,000-58,000-3,00011,726,000
interest-15,823,000-9,900,000-4,714,000-5,963,000-6,458,000-5,993,000-4,855,000-4,856,000-4,893,000-3,494,000-2,651,000-2,460,000-2,006,000-3,030,000-3,379,000
cash flow from financing58,761,000-6,883,00018,932,000-11,814,000-3,698,00025,616,00019,692,000-9,440,000-5,965,0006,716,000-3,189,00067,113,0003,741,000-8,939,00079,062,000
cash and cash equivalents
cash4,533,0001,807,000-1,098,000-3,782,0001,966,0002,887,0001,483,000-2,434,000-1,216,0003,220,000829,0001,277,000-3,117,000-1,919,0008,212,000
overdraft
change in cash4,533,0001,807,000-1,098,000-3,782,0001,966,0002,887,0001,483,000-2,434,000-1,216,0003,220,000829,0001,277,000-3,117,000-1,919,0008,212,000

flogas britain 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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Flogas Britain Limited Competitor Analysis

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Perform a competitor analysis for flogas britain limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in LE7 area or any other competitors across 12 key performance metrics.

flogas britain limited Ownership

FLOGAS BRITAIN LIMITED Shareholders

flogas ltd 100%
dcc plc 0%
power impact plc 0%
dcc corporate partners ltd 0%
s & l investments ltd 0%
dcc technology ltd 0%
dcc financial services holdings ltd 0%
vencap investments ltd 0%
dcc nominees ltd 0%

flogas britain limited directors

Flogas Britain Limited currently has 9 directors. The longest serving directors include Mr James Rudman (Dec 1998) and Mr Alan Kirk (Sep 2007).

officercountryagestartendrole
Mr James Rudman60 years Dec 1998- Director
Mr Alan Kirk56 years Sep 2007- Director
Mr Ivan Trevor45 years Aug 2019- Director
Mr Paul Horton53 years Nov 2022- Director
Mr David TaylorEngland41 years Nov 2022- Director
Mr David Smith56 years Nov 2022- Director
Mr Oliver HallEngland32 years Mar 2023- Director
Mr Stephen CaseyUnited Kingdom45 years May 2023- Director
Mr Steven Taylor65 years May 2023- Director

P&L

March 2024

turnover

373.5m

-6%

operating profit

33.9m

-8%

gross margin

39.8%

+16.15%

turnover

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

Balance Sheet

March 2024

net assets

90.7m

-0.1%

total assets

435.1m

+0.21%

cash

12.6m

+0.56%

net assets

Total assets minus all liabilities

flogas britain limited company details

company number

00993638

Type

Private limited with Share Capital

industry

46711 - Wholesale of petroleum and petroleum products

incorporation date

November 1970

age

55

incorporated

UK

ultimate parent company

DCC PUBLIC LIMITED COMPANY

accounts

Full Accounts

last accounts submitted

March 2024

previous names

flogas uk limited (March 2013)

flogas u. k. public limited company (August 1996)

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accountant

-

auditor

KPMG LLP

address

81 rayns way, syston, leicester, leicestershire, LE7 1PF

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

FREETHS

flogas britain 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 6 charges/mortgages relating to flogas britain limited. Currently there are 5 open charges and 1 have been satisfied in the past.

flogas britain 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 FLOGAS BRITAIN LIMITED. This can take several minutes, an email will notify you when this has completed.

flogas britain limited Companies House Filings - See Documents

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