blackrow engineering co. limited

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blackrow engineering co. limited Company Information

Share BLACKROW ENGINEERING CO. LIMITED

Company Number

01522249

Shareholders

blackrow holdings limited

Group Structure

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Industry

Manufacture of metal structures and parts of structures

 +2

Registered Address

estate road no 7, south humberside ind estate, grimsby, north east lincolnshire, DN31 2TP

blackrow engineering co. limited Estimated Valuation

£51.4m

Pomanda estimates the enterprise value of BLACKROW ENGINEERING CO. LIMITED at £51.4m based on a Turnover of £46m and 1.12x industry multiple (adjusted for size and gross margin).

blackrow engineering co. limited Estimated Valuation

£46.4m

Pomanda estimates the enterprise value of BLACKROW ENGINEERING CO. LIMITED at £46.4m based on an EBITDA of £5.4m and a 8.54x industry multiple (adjusted for size and gross margin).

blackrow engineering co. limited Estimated Valuation

£43.4m

Pomanda estimates the enterprise value of BLACKROW ENGINEERING CO. LIMITED at £43.4m based on Net Assets of £18.4m and 2.36x industry multiple (adjusted for liquidity).

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Blackrow Engineering Co. Limited Overview

Blackrow Engineering Co. Limited is a live company located in grimsby, DN31 2TP with a Companies House number of 01522249. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in October 1980, it's largest shareholder is blackrow holdings limited with a 100% stake. Blackrow Engineering Co. Limited is a mature, large sized company, Pomanda has estimated its turnover at £46m with high growth in recent years.

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Blackrow Engineering Co. Limited Health Check

Pomanda's financial health check has awarded Blackrow Engineering Co. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £46m, make it larger than the average company (£11.6m)

£46m - Blackrow Engineering Co. Limited

£11.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (10.4%)

30% - Blackrow Engineering Co. Limited

10.4% - Industry AVG

production

Production

with a gross margin of 25.8%, this company has a comparable cost of product (29.9%)

25.8% - Blackrow Engineering Co. Limited

29.9% - Industry AVG

profitability

Profitability

an operating margin of 9.9% make it more profitable than the average company (6%)

9.9% - Blackrow Engineering Co. Limited

6% - Industry AVG

employees

Employees

with 304 employees, this is above the industry average (63)

304 - Blackrow Engineering Co. Limited

63 - Industry AVG

paystructure

Pay Structure

on an average salary of £64k, the company has a higher pay structure (£53.2k)

£64k - Blackrow Engineering Co. Limited

£53.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £151.5k, this is less efficient (£187k)

£151.5k - Blackrow Engineering Co. Limited

£187k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 102 days, this is later than average (66 days)

102 days - Blackrow Engineering Co. Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 55 days, this is slower than average (39 days)

55 days - Blackrow Engineering Co. Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (51 days)

7 days - Blackrow Engineering Co. Limited

51 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)

1 weeks - Blackrow Engineering Co. Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.8%, this is a lower level of debt than the average (51%)

45.8% - Blackrow Engineering Co. Limited

51% - Industry AVG

BLACKROW ENGINEERING CO. LIMITED financials

EXPORTms excel logo

Blackrow Engineering Co. Limited's latest turnover from July 2024 is £46 million and the company has net assets of £18.4 million. According to their latest financial statements, Blackrow Engineering Co. Limited has 304 employees and maintains cash reserves of £324.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2024Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Dec 2011Dec 2010Dec 2009
Turnover46,046,31548,212,25532,112,13121,188,45020,278,14426,100,38816,030,26713,906,13315,444,19015,444,19010,812,48612,752,8839,296,51310,289,80710,385,0388,307,256
Other Income Or Grants
Cost Of Sales34,176,65137,699,12724,485,15516,402,57416,045,21220,824,15912,441,78110,913,68412,384,84512,384,8458,364,96410,179,6487,053,1028,097,0187,574,9616,132,028
Gross Profit11,869,66410,513,1287,626,9764,785,8764,232,9325,276,2293,588,4862,992,4493,059,3453,059,3452,447,5222,573,2352,243,4112,192,7892,810,0772,175,228
Admin Expenses7,322,8695,564,4644,087,9233,149,9603,309,5742,838,9922,353,0112,022,8782,118,7282,118,7281,753,8331,999,9531,587,9902,346,4692,403,0921,990,228
Operating Profit4,546,7954,948,6643,539,0531,635,916923,3582,437,2371,235,475969,571940,617940,617693,689573,282655,421-153,680406,985185,000
Interest Payable344,936326,132100,80255,84686,614206,889202,840177,446321,260321,260133,786138,600103,651144,625141,33087,859
Interest Receivable10,83717,2229,3471,8005
Pre-Tax Profit4,217,2974,645,1673,422,7341,485,539686,4772,135,2661,032,635792,125-415,572-415,572559,903434,682551,770-298,305265,65597,146
Tax-363,644-281,119-129,272-42,352687,189456,744183,16563,40983,22383,223-102,413-44,624-132,67358,098-74,342-24,722
Profit After Tax3,853,6534,364,0483,293,4621,443,1871,373,6662,592,0101,215,800855,534-332,349-332,349457,490390,058419,097-240,207191,31372,424
Dividends Paid1,241,183503,500441,469434,972297,184158,335120,00060,000120,000160,000
Retained Profit2,612,4703,860,5482,851,9931,008,2151,076,4822,433,6751,095,800795,534-332,349-332,349457,490390,058419,097-360,20731,31372,424
Employee Costs19,463,22018,005,12512,299,4688,887,3639,180,8759,131,3496,102,1004,989,0955,860,2883,560,1533,555,1233,971,0962,959,4054,726,1824,234,8623,662,537
Number Of Employees304312252168171161128121112112112118119124120119
EBITDA*5,433,0295,609,6044,068,1702,058,0811,268,6372,720,9151,471,6681,163,7741,144,9021,144,902859,479754,224814,52849,496549,481393,221

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2024Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,418,6583,246,7233,148,0731,767,5371,534,4541,469,596908,146965,094985,025985,025832,293881,5201,021,4361,180,5431,285,235929,461
Intangible Assets
Investments & Other
Debtors (Due After 1 year)2,507,8242,306,7232,132,373
Total Fixed Assets3,418,6583,246,7233,148,0731,767,5371,534,4541,469,596908,146965,094985,025985,0253,340,1173,188,2433,153,8091,180,5431,285,235929,461
Stock & work in progress749,0481,007,635925,420257,297475,269314,195279,049241,800235,406235,406196,400186,437167,292805,5651,227,798364,934
Trade Debtors12,963,94712,224,9867,512,2676,814,5285,500,1395,696,6665,972,1893,216,1673,608,6483,608,6483,139,2633,275,3582,540,3371,494,8632,418,1481,889,178
Group Debtors15,957,21212,548,7896,157,5706,275,1135,994,5775,719,7613,693,2123,337,8083,161,1063,161,1061,8621,981,6811,455,7621,265,762
Misc Debtors541,835519,1143,755,587548,314825,8481,548,357982,0961,690,884849,898849,898164,49291,919115,788102,01466,59231,963
Cash324,825155,2411,409,574991,3431,318122,761191,9984,7653,5393,539121,8719,21942,49784,4953,5985,793
misc current assets
total current assets30,536,86726,455,76519,760,41814,886,59512,797,15113,401,74011,118,5448,491,4247,858,5977,858,5973,622,0263,562,9332,867,7764,468,6185,171,8983,557,630
total assets33,955,52529,702,48822,908,49116,654,13214,331,60514,871,33612,026,6909,456,5188,843,6228,843,6226,962,1436,751,1766,021,5855,649,1616,457,1334,487,091
Bank overdraft211,632678,1511,910,8731,982,9172,916,0762,916,0761,842,8371,788,7651,616,0911,581,5701,703,9301,231,857
Bank loan400,000400,000395,940312,873147,287147,287
Trade Creditors 5,183,4315,152,9825,486,0152,242,3401,620,8192,892,6443,566,6742,167,2182,279,2872,279,2871,477,1141,641,6341,382,1641,638,6752,220,8241,252,896
Group/Directors Accounts1,678,482253,631184,380145,069256,567303,871279,422149,163303,127303,127138,2874,133180,81910,000
other short term finances4,000,6183,971,728348,604299,791164,573588,014196,363196,363116,286122,52139,32639,32637,599
hp & lease commitments114,91651,107122,287203,739207,802198,132146,921120,175104,973104,973146,288134,715184,607184,607180,168125,016
other current liabilities2,049,4301,748,7402,202,5161,704,7191,640,1711,280,4051,148,608674,592442,750442,750550,227638,584656,188435,502271,081326,190
total current liabilities13,426,87711,578,1888,391,1384,608,7404,432,8825,800,2817,217,0715,682,0796,242,5766,242,5764,271,0394,330,3523,878,3764,060,4994,423,6022,935,959
loans1,133,3331,533,3332,111,6012,572,8611,399,9571,552,635181,886295,004415,887399,55898,931138,257
hp & lease commitments138,30015,12438,349157,594187,807304,500115,846175,746181,88637,010105,505208,800369,421386,781117,291
Accruals and Deferred Income
other liabilities
provisions848,671779,969432,077231,604235,841215,284128,812129,53299,04699,04681,84779,679105,156109,712137,68894,349
total long term liabilities2,120,3042,328,4262,582,0272,962,0591,823,6052,072,419244,658305,278280,932280,932413,861601,071713,514578,064662,726211,640
total liabilities15,547,18113,906,61410,973,1657,570,7996,256,4877,872,7007,461,7295,987,3576,523,5086,523,5084,684,9004,931,4234,591,8904,638,5635,086,3283,147,599
net assets18,408,34415,795,87411,935,3269,083,3338,075,1186,998,6364,564,9613,469,1612,320,1142,320,1142,277,2431,819,7531,429,6951,010,5981,370,8051,339,492
total shareholders funds18,408,34415,795,87411,935,3269,083,3338,075,1186,998,6364,564,9613,469,1612,320,1142,320,1142,277,2431,819,7531,429,6951,010,5981,370,8051,339,492
Jul 2024Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit4,546,7954,948,6643,539,0531,635,916923,3582,437,2371,235,475969,571940,617940,617693,689573,282655,421-153,680406,985185,000
Depreciation886,234660,940529,117422,165345,279283,678236,193194,203204,285204,285165,790180,942159,107203,176142,496198,221
Amortisation10,000
Tax-363,644-281,119-129,272-42,352687,189456,744183,16563,40983,22383,223-102,413-44,624-132,67358,098-74,342-24,722
Stock-258,58782,215668,123-217,972161,07435,14637,2496,39439,0069,96319,145-638,273-422,233862,864364,934
Debtors4,170,1057,867,4653,787,4691,317,391-644,2202,317,2872,402,638625,2071,808,073137,579883,6401,211,802-361,944753,5993,186,903
Creditors30,449-333,0333,243,675621,521-1,271,825-674,0301,399,456-112,069802,173-164,520259,470-256,511-582,149967,9281,252,896
Accruals and Deferred Income300,690-453,776497,79764,548359,766131,797474,016231,842-107,477-88,357-17,604220,686164,421-55,109326,190
Deferred Taxes & Provisions68,702347,892200,473-4,23720,55786,472-72030,48617,1992,168-25,477-4,556-27,97643,33994,349
Cash flow from operations1,557,708-3,060,1123,425,2511,598,1421,547,470369,4651,087,698745,8411,228,12592,941358,81523,20467,945446,067-185,166-1,509,903
Investing Activities
capital expenditure-1,058,169-759,590-1,909,653-655,248-410,137-845,128-179,245-174,272-204,285-357,017-116,563-41,026-144,865-31,565-94,737
Change in Investments
cash flow from investments-1,058,169-759,590-1,909,653-655,248-410,137-845,128-179,245-174,272-204,285-357,017-116,563-41,026-144,865-31,565-94,737
Financing Activities
Bank loans4,06083,067165,586147,287
Group/Directors Accounts1,424,85169,25139,311-111,498-47,30424,449130,259-153,964164,840134,1544,133-180,819170,81910,000
Other Short Term Loans 28,8903,971,728-348,60448,813135,218-423,441391,65180,077-6,23583,1951,72737,599
Long term loans-400,000-578,268-461,2601,172,904-152,6781,552,635-181,886-113,118-120,88316,329300,627-39,326138,257
Hire Purchase and Lease Commitments186,985-94,405-200,697-34,276-107,023239,865-33,1549,062181,886-78,325-56,922-153,187-160,621-12,921324,642242,307
other long term liabilities
share issue353,513332,349375,2201,267,068
interest-334,099-308,910-91,455-54,046-86,614-206,889-202,840-177,446-321,260-321,260-133,786-138,600-103,651-144,625-141,330-87,854
cash flow from financing906,6273,063,456-631,034790,066-344,8061,892,565-529,176422,81611,089107,434-183,672-188,130-144,464-24,326369,1681,421,521
cash and cash equivalents
cash169,584-1,254,333418,231990,025-121,443-69,237187,2331,226-118,332112,652-33,278-41,99880,897-2,1955,793
overdraft-211,632-466,519-1,232,722-72,044-933,1591,073,23954,072172,67434,521-122,360472,0731,231,857
change in cash169,584-1,254,333418,2311,201,657345,0761,163,485259,277934,385-1,191,57158,580-205,952-76,519203,257-474,268-1,226,064

blackrow engineering co. 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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Blackrow Engineering Co. Limited Competitor Analysis

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Perform a competitor analysis for blackrow engineering co. limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in DN31 area or any other competitors across 12 key performance metrics.

blackrow engineering co. limited Ownership

BLACKROW ENGINEERING CO. LIMITED group structure

Blackrow Engineering Co. Limited has no subsidiary companies.

Ultimate parent company

2 parents

BLACKROW ENGINEERING CO. LIMITED

01522249

BLACKROW ENGINEERING CO. LIMITED Shareholders

blackrow holdings limited 100%

blackrow engineering co. limited directors

Blackrow Engineering Co. Limited currently has 9 directors. The longest serving directors include Mr Darren Broughton (Apr 1999) and Mr Christopher Marfleet (Jan 2010).

officercountryagestartendrole
Mr Darren BroughtonUnited Kingdom63 years Apr 1999- Director
Mr Christopher MarfleetEngland69 years Jan 2010- Director
Mr Glenn RitchieUnited Kingdom63 years Jan 2010- Director
Mr Anthony BookerUnited Kingdom51 years Jul 2017- Director
Mr Neil Ellis70 years Nov 2017- Director
Mr Gary PexmanUnited Kingdom38 years Feb 2021- Director
Mr Callum DayUnited Kingdom38 years Nov 2022- Director
Mr Nicholas RandsUnited Kingdom39 years Nov 2022- Director
Mr Luke O'BrienUnited Kingdom36 years Nov 2022- Director

P&L

July 2024

turnover

46m

-4%

operating profit

4.5m

-8%

gross margin

25.8%

+18.21%

turnover

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

Balance Sheet

July 2024

net assets

18.4m

+0.17%

total assets

34m

+0.14%

cash

324.8k

+1.09%

net assets

Total assets minus all liabilities

blackrow engineering co. limited company details

company number

01522249

Type

Private limited with Share Capital

industry

28930 - Manufacture of machinery for food, beverage and tobacco processing

25110 - Manufacture of metal structures and parts of structures

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

October 1980

age

45

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

July 2024

previous names

N/A

accountant

-

auditor

FORRESTER BOYD

address

estate road no 7, south humberside ind estate, grimsby, north east lincolnshire, DN31 2TP

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

ANDREW JACKSON

blackrow engineering co. 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 16 charges/mortgages relating to blackrow engineering co. limited. Currently there are 2 open charges and 14 have been satisfied in the past.

blackrow engineering co. 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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blackrow engineering co. limited Companies House Filings - See Documents

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