afton chemical limited

afton chemical limited Company Information

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Company Number

01213092

Industry

Other manufacturing n.e.c.

 

Other research and experimental development on natural sciences and engineering

 

Shareholders

afton chemical uk holdings ltd

Group Structure

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Contact

Registered Address

london road, bracknell, berkshire, RG12 2UW

afton chemical limited Estimated Valuation

£946.9m

Pomanda estimates the enterprise value of AFTON CHEMICAL LIMITED at £946.9m based on a Turnover of £665.6m and 1.42x industry multiple (adjusted for size and gross margin).

afton chemical limited Estimated Valuation

£380m

Pomanda estimates the enterprise value of AFTON CHEMICAL LIMITED at £380m based on an EBITDA of £49.6m and a 7.66x industry multiple (adjusted for size and gross margin).

afton chemical limited Estimated Valuation

£464.8m

Pomanda estimates the enterprise value of AFTON CHEMICAL LIMITED at £464.8m based on Net Assets of £215.6m and 2.16x industry multiple (adjusted for liquidity).

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Afton Chemical Limited Overview

Afton Chemical Limited is a live company located in berkshire, RG12 2UW with a Companies House number of 01213092. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in May 1975, it's largest shareholder is afton chemical uk holdings ltd with a 100% stake. Afton Chemical Limited is a mature, mega sized company, Pomanda has estimated its turnover at £665.6m with healthy growth in recent years.

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Afton Chemical Limited Health Check

Pomanda's financial health check has awarded Afton Chemical Limited a 5 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

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Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £665.6m, make it larger than the average company (£9.2m)

£665.6m - Afton Chemical Limited

£9.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.6%)

7% - Afton Chemical Limited

6.6% - Industry AVG

production

Production

with a gross margin of 12.6%, this company has a higher cost of product (38.7%)

12.6% - Afton Chemical Limited

38.7% - Industry AVG

profitability

Profitability

an operating margin of 7% make it more profitable than the average company (5%)

7% - Afton Chemical Limited

5% - Industry AVG

employees

Employees

with 211 employees, this is above the industry average (57)

211 - Afton Chemical Limited

57 - Industry AVG

paystructure

Pay Structure

on an average salary of £85.6k, the company has a higher pay structure (£53.3k)

£85.6k - Afton Chemical Limited

£53.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £3.2m, this is more efficient (£153.8k)

£3.2m - Afton Chemical Limited

£153.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is near the average (54 days)

50 days - Afton Chemical Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is quicker than average (42 days)

16 days - Afton Chemical Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 72 days, this is less than average (97 days)

72 days - Afton Chemical Limited

97 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (22 weeks)

6 weeks - Afton Chemical Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.8%, this is a lower level of debt than the average (46%)

29.8% - Afton Chemical Limited

46% - Industry AVG

AFTON CHEMICAL LIMITED financials

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Afton Chemical Limited's latest turnover from December 2023 is £665.6 million and the company has net assets of £215.6 million. According to their latest financial statements, Afton Chemical Limited has 211 employees and maintains cash reserves of £9.9 million 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
Turnover665,577,000700,043,000557,672,000543,573,000581,512,000606,991,000619,033,000513,820,000469,353,000509,795,000514,683,000473,133,000482,758,000411,439,000377,253,000
Other Income Or Grants000000000000000
Cost Of Sales581,592,000614,737,000487,838,000443,469,000487,589,000515,253,000504,926,000405,382,000403,797,000447,233,000446,171,000410,506,000420,117,000348,777,000332,164,000
Gross Profit83,985,00085,306,00069,834,000100,104,00093,923,00091,738,000114,107,000108,438,00065,556,00062,562,00068,512,00062,627,00062,641,00062,662,00045,089,000
Admin Expenses37,398,00039,155,00031,217,00029,770,00027,950,00031,959,00034,576,0007,805,00023,536,00024,252,00027,064,00025,330,00022,289,00016,992,00026,330,000
Operating Profit46,587,00046,151,00038,617,00070,334,00065,973,00059,779,00079,531,000100,633,00042,020,00038,310,00041,448,00037,297,00040,352,00045,670,00018,759,000
Interest Payable1,129,00096,000326,00035,00067,0005,000155,000179,00096,00088,00099,000121,0002,848,00065,000665,000
Interest Receivable3,079,000313,00052,000254,000491,000455,000275,00022,0001,445,000336,0006,0007,0003,265,00017,00085,000
Pre-Tax Profit48,537,00046,368,00038,343,00073,698,00068,251,00061,780,00083,186,000103,410,00043,558,00041,333,00047,390,00036,466,00040,715,00045,622,00018,179,000
Tax-10,464,000-8,248,000-6,671,000-13,080,000-12,340,000-8,776,000-14,941,000-20,412,000-7,237,000-10,756,000-10,364,000-8,475,000-9,753,000-12,258,000-4,843,000
Profit After Tax38,073,00038,120,00031,672,00060,618,00055,911,00053,004,00068,245,00082,998,00036,321,00030,577,00037,026,00027,991,00030,962,00033,364,00013,336,000
Dividends Paid047,050,00026,500,00060,489,00058,543,00033,137,00091,938,000168,127,00005,000,0005,229,0003,183,00016,000,00000
Retained Profit38,073,000-8,930,0005,172,000129,000-2,632,00019,867,000-23,693,000-85,129,00036,321,00025,577,00031,797,00024,808,00014,962,00033,364,00013,336,000
Employee Costs18,053,00021,202,00021,652,00019,352,00018,188,00018,579,00020,987,00020,967,00020,027,00017,336,00015,465,00014,574,00013,755,00010,259,0008,857,000
Number Of Employees211222226232228240256283280258238209202135122
EBITDA*49,635,00049,147,00040,404,00072,149,00067,639,00061,492,00081,360,000102,364,00043,616,00039,514,00043,063,00038,355,00040,963,00046,020,00019,071,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets21,684,00022,919,00041,796,00025,714,00041,491,00033,001,00038,068,00033,769,00025,631,00023,044,00018,499,00018,714,00017,280,0004,399,0002,434,000
Intangible Assets2,274,0003,485,00000001,028,0002,977,0002,977,0002,977,0002,977,0003,298,0003,621,00000
Investments & Other54,638,00047,147,00013,294,000163,0001,246,0000007,779,0003,765,0005,983,0005,494,0001,684,00000
Debtors (Due After 1 year)00008,175,0000000000000
Total Fixed Assets78,596,00073,551,00041,796,00025,714,00033,316,00033,001,00039,096,00036,746,00036,387,00029,786,00027,459,00027,506,00022,585,0004,399,0002,434,000
Stock & work in progress114,985,000157,860,000111,519,00081,222,00081,076,00083,414,00087,385,00061,999,00073,790,00077,421,00067,875,00066,853,00081,626,00059,637,00077,968,000
Trade Debtors92,563,000100,679,00075,753,00072,542,00073,360,00068,287,00090,050,00084,126,00059,110,00061,076,00062,372,00055,694,00059,769,00056,479,00052,310,000
Group Debtors4,103,00015,875,0008,498,00011,684,0007,299,0001,333,0007,615,00019,577,00095,643,00037,316,00010,440,00012,744,00012,472,00014,647,0006,277,000
Misc Debtors7,043,0006,865,0005,601,0003,492,0001,654,0002,870,0002,950,0002,269,0001,556,0002,679,0002,058,0001,583,0002,574,0002,165,0003,436,000
Cash9,857,0003,973,0009,669,0009,768,00021,043,00014,722,0005,782,00037,840,00021,970,00043,702,00061,404,00024,819,0007,950,0007,254,00015,784,000
misc current assets000000000000000
total current assets228,551,000285,252,000211,040,000178,708,000184,432,000170,626,000193,782,000205,811,000252,069,000222,194,000204,149,000161,693,000164,391,000140,182,000155,775,000
total assets307,147,000358,803,000252,836,000204,422,000217,748,000203,627,000232,878,000242,557,000288,456,000251,980,000231,608,000189,199,000186,976,000144,581,000158,209,000
Bank overdraft5,025,00000000000000000
Bank loan000000000000000
Trade Creditors 25,690,00034,003,00027,506,00021,714,00017,363,00019,276,00024,130,00013,995,00011,122,00014,224,00013,645,0009,918,00011,387,0009,496,00012,303,000
Group/Directors Accounts29,336,00070,657,00000000018,771,00022,042,00024,548,00017,383,00037,560,0008,300,00064,146,000
other short term finances000000000000000
hp & lease commitments1,030,0001,324,0001,217,000215,000838,0000000000000
other current liabilities12,498,00013,222,00056,220,00037,478,00047,733,00028,693,00069,808,00070,990,00015,864,00014,200,00015,491,00015,320,00014,679,00018,762,0005,548,000
total current liabilities73,579,000119,206,00084,943,00059,407,00065,934,00047,969,00093,938,00084,985,00045,757,00050,466,00053,684,00042,621,00063,626,00036,558,00081,997,000
loans000000000000000
hp & lease commitments1,382,0002,402,0000000000000000
Accruals and Deferred Income000000000000000
other liabilities003,490,000569,000259,0000000000000
provisions16,560,00014,718,00013,362,00027,318,0007,614,0007,516,0008,364,0006,802,0003,521,0002,623,0001,016,000423,000400,000436,000451,000
total long term liabilities17,942,00017,120,00010,171,00014,228,0004,066,0003,758,0004,182,0003,401,0003,521,0002,623,0001,016,000423,000400,000935,0003,108,000
total liabilities91,521,000136,326,00095,114,00073,635,00070,000,00051,727,00098,120,00088,386,00049,278,00053,089,00054,700,00043,044,00064,026,00037,493,00085,105,000
net assets215,626,000222,477,000157,722,000130,787,000147,748,000151,900,000134,758,000154,171,000239,178,000198,891,000176,908,000146,155,000122,950,000107,088,00073,104,000
total shareholders funds215,626,000222,477,000157,722,000130,787,000147,748,000151,900,000134,758,000154,171,000239,178,000198,891,000176,908,000146,155,000122,950,000107,088,00073,104,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit46,587,00046,151,00038,617,00070,334,00065,973,00059,779,00079,531,000100,633,00042,020,00038,310,00041,448,00037,297,00040,352,00045,670,00018,759,000
Depreciation1,799,0001,733,0001,787,0001,815,0001,666,0001,713,0001,829,0001,731,0001,596,0001,173,0001,294,000735,000611,000350,000312,000
Amortisation1,249,0001,263,000000000031,000321,000323,000000
Tax-10,464,000-8,248,000-6,671,000-13,080,000-12,340,000-8,776,000-14,941,000-20,412,000-7,237,000-10,756,000-10,364,000-8,475,000-9,753,000-12,258,000-4,843,000
Stock-42,875,00046,341,00030,297,000146,000-2,338,000-3,971,00025,386,000-11,791,000-3,631,0009,546,0001,022,000-14,773,00021,989,000-18,331,00077,968,000
Debtors-19,710,00033,567,0002,134,000-2,770,00017,998,000-28,125,000-5,357,000-50,337,00055,238,00026,201,0004,849,000-4,794,0001,524,00011,268,00062,023,000
Creditors-8,313,0006,497,0005,792,0004,351,000-1,913,000-4,854,00010,135,0002,873,000-3,102,000579,0003,727,000-1,469,0001,891,000-2,807,00012,303,000
Accruals and Deferred Income-724,000-42,998,00018,742,000-10,255,00019,040,000-41,115,000-1,182,00055,126,0001,664,000-1,291,000171,000641,000-4,083,00013,214,0005,548,000
Deferred Taxes & Provisions1,842,0001,356,000-13,956,00019,704,00098,000-848,0001,562,0003,281,000898,0001,607,000593,00023,000-36,000-15,000451,000
Cash flow from operations94,561,000-74,154,00011,880,00075,493,00056,864,00037,995,00056,905,000205,360,000-15,768,000-6,094,00031,319,00048,642,0005,469,00051,217,000-107,461,000
Investing Activities
capital expenditure-602,00012,396,000-17,869,00013,962,000-10,156,0004,382,000-4,179,000-9,869,000-4,183,000-5,749,000-1,079,000-2,169,000-17,113,000-2,315,000-2,746,000
Change in Investments7,491,00033,853,00013,131,000-1,083,0001,246,00000-7,779,0004,014,000-2,218,000489,0003,810,0001,684,00000
cash flow from investments-8,093,000-21,457,000-31,000,00015,045,000-11,402,0004,382,000-4,179,000-2,090,000-8,197,000-3,531,000-1,568,000-5,979,000-18,797,000-2,315,000-2,746,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-41,321,00070,657,00000000-18,771,000-3,271,000-2,506,0007,165,000-20,177,00029,260,000-55,846,00064,146,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-1,314,0002,509,0001,002,000-623,000838,0000000000000
other long term liabilities0-3,490,0002,921,000310,000259,0000000000000
share issue-44,924,00073,685,00021,763,000-17,090,000-1,520,000-2,725,0004,280,000122,0003,966,000-3,594,000-1,044,000-1,603,000900,000620,00059,768,000
interest1,950,000217,000-274,000219,000424,000450,000120,000-157,0001,349,000248,000-93,000-114,000417,000-48,000-580,000
cash flow from financing-85,609,000143,578,00025,412,000-17,184,0001,000-2,275,0004,400,000-18,806,0002,044,000-5,852,0006,028,000-21,894,00030,577,000-55,274,000123,334,000
cash and cash equivalents
cash5,884,000-5,696,000-99,000-11,275,0006,321,0008,940,000-32,058,00015,870,000-21,732,000-17,702,00036,585,00016,869,000696,000-8,530,00015,784,000
overdraft5,025,00000000000000000
change in cash859,000-5,696,000-99,000-11,275,0006,321,0008,940,000-32,058,00015,870,000-21,732,000-17,702,00036,585,00016,869,000696,000-8,530,00015,784,000

afton chemical limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Afton Chemical Limited Competitor Analysis

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afton chemical limited Ownership

AFTON CHEMICAL LIMITED group structure

Afton Chemical Limited has 1 subsidiary company.

Ultimate parent company

NEWMARKET CORP

#0056553

2 parents

AFTON CHEMICAL LIMITED

01213092

1 subsidiary

AFTON CHEMICAL LIMITED Shareholders

afton chemical uk holdings ltd 100%

afton chemical limited directors

Afton Chemical Limited currently has 4 directors. The longest serving directors include Mr Andrew Walker (Feb 2014) and Ms Catherine Martin (Jun 2018).

officercountryagestartendrole
Mr Andrew Walker54 years Feb 2014- Director
Ms Catherine Martin48 years Jun 2018- Director
Mr Thomas PooleUnited Kingdom49 years Mar 2022- Director
Mr Lee Carter46 years Sep 2023- Director

P&L

December 2023

turnover

665.6m

-5%

operating profit

46.6m

+1%

gross margin

12.7%

+3.55%

turnover

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

Balance Sheet

December 2023

net assets

215.6m

-0.03%

total assets

307.1m

-0.14%

cash

9.9m

+1.48%

net assets

Total assets minus all liabilities

afton chemical limited company details

company number

01213092

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

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

incorporation date

May 1975

age

50

incorporated

UK

ultimate parent company

NEWMARKET CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ethyl petroleum additives limited (June 2004)

edwin cooper & company limited (August 1984)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

london road, bracknell, berkshire, RG12 2UW

Bank

J P MORGAN

Legal Advisor

MCGUIREWOODS

afton chemical 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 did not find charges/mortgages relating to afton chemical limited.

afton chemical 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.

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afton chemical limited Companies House Filings - See Documents

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