severfield plc

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severfield plc Company Information

Share SEVERFIELD PLC

Company Number

01721262

Shareholders

undisclosed

nortrust nominees ltd a/c mkk01

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Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

 +1

Registered Address

severs house, dalton airfield industrial estat, thirsk, north yorkshire, YO7 3JN

severfield plc Estimated Valuation

£272.8m

Pomanda estimates the enterprise value of SEVERFIELD PLC at £272.8m based on a Turnover of £463.5m and 0.59x industry multiple (adjusted for size and gross margin).

severfield plc Estimated Valuation

£182.3m

Pomanda estimates the enterprise value of SEVERFIELD PLC at £182.3m based on an EBITDA of £35.7m and a 5.11x industry multiple (adjusted for size and gross margin).

severfield plc Estimated Valuation

£457.9m

Pomanda estimates the enterprise value of SEVERFIELD PLC at £457.9m based on Net Assets of £220.8m and 2.07x industry multiple (adjusted for liquidity).

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Severfield Plc Overview

Severfield Plc is a live company located in thirsk, YO7 3JN with a Companies House number of 01721262. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in May 1983, it's largest shareholder is undisclosed with a 96.3% stake. Severfield Plc is a mature, mega sized company, Pomanda has estimated its turnover at £463.5m with healthy growth in recent years.

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Severfield Plc Health Check

Pomanda's financial health check has awarded Severfield Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

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Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £463.5m, make it larger than the average company (£10.7m)

£463.5m - Severfield Plc

£10.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (11.8%)

8% - Severfield Plc

11.8% - Industry AVG

production

Production

with a gross margin of 5.3%, this company has a higher cost of product (25.6%)

5.3% - Severfield Plc

25.6% - Industry AVG

profitability

Profitability

an operating margin of 5.7% make it as profitable than the average company (6.2%)

5.7% - Severfield Plc

6.2% - Industry AVG

employees

Employees

with 1918 employees, this is above the industry average (54)

1918 - Severfield Plc

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £60.7k, the company has a higher pay structure (£46.5k)

£60.7k - Severfield Plc

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £241.6k, this is more efficient (£184.9k)

£241.6k - Severfield Plc

£184.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 29 days, this is earlier than average (57 days)

29 days - Severfield Plc

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 23 days, this is quicker than average (43 days)

23 days - Severfield Plc

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is less than average (24 days)

9 days - Severfield Plc

24 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 (17 weeks)

6 weeks - Severfield Plc

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.7%, this is a lower level of debt than the average (55.9%)

41.7% - Severfield Plc

55.9% - Industry AVG

SEVERFIELD PLC financials

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Severfield Plc's latest turnover from March 2024 is £463.5 million and the company has net assets of £220.8 million. According to their latest financial statements, Severfield Plc has 1,918 employees and maintains cash reserves of £13.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Dec 2011Dec 2010Dec 2009
Turnover463,465,000491,753,000403,563,000363,254,000327,364,000274,917,000274,203,000262,224,000239,360,000201,535,000231,312,000318,256,000267,778,000266,692,000349,417,000
Other Income Or Grants
Cost Of Sales439,000,000463,497,000307,491,624277,708,112245,983,964203,305,582201,950,717191,452,923175,045,711149,557,578171,849,144332,711,000247,479,000240,568,000290,941,000
Gross Profit24,465,00028,256,00096,071,37685,545,88881,380,03671,611,41872,252,28370,771,07764,314,28951,977,42259,462,856-14,455,00020,299,00026,124,00058,476,000
Admin Expenses-1,950,000-1,898,00073,268,37663,214,88854,341,03646,705,41849,837,28352,490,07754,426,28951,718,42262,961,85612,089,00011,963,00014,096,00013,371,000
Operating Profit26,415,00030,154,00022,803,00022,331,00027,039,00024,906,00022,415,00018,281,0009,888,000259,000-3,499,000-26,544,0008,336,00012,028,00045,105,000
Interest Payable3,715,0003,180,0001,879,0001,257,0001,279,000229,000229,000241,000261,000457,0007,0002,014,0001,581,000921,0001,145,000
Interest Receivable320,000133,00076,00033,00053,00034,00034,00015,00016,0007,000565,00010,00027,00055,000131,000
Pre-Tax Profit23,020,00027,107,00021,000,00021,107,00025,813,00024,711,00022,179,00018,055,0009,643,000-191,000-4,057,000-28,858,0006,782,00011,107,00044,091,000
Tax-7,119,000-5,541,000-5,399,000-3,803,000-5,398,000-4,549,000-4,033,000-2,726,000-1,043,000335,0001,417,0005,731,000-960,000-3,474,000-12,778,000
Profit After Tax15,901,00021,566,00015,601,00017,304,00020,415,00020,162,00018,146,00015,329,0008,600,000144,000-2,640,000-23,127,0005,822,0007,633,00031,313,000
Dividends Paid10,714,0009,877,0009,229,0008,895,0008,851,00013,353,00013,353,0005,078,0002,975,0004,462,0008,883,000
Retained Profit5,187,00011,689,0006,372,0008,409,00011,564,0006,809,0004,793,00010,251,0005,625,000144,000-2,640,000-27,589,0005,822,000-1,250,00031,313,000
Employee Costs116,440,00099,479,00086,034,00075,630,00070,714,00064,614,00070,237,00067,675,00060,596,00053,975,00050,551,00066,967,00052,430,00052,166,00064,009,000
Number Of Employees1,9181,7191,5781,4011,3201,2741,3541,3271,3021,2121,2031,2651,2071,1791,330
EBITDA*35,668,00037,480,00029,846,00031,180,00033,973,00028,658,00027,404,00024,770,00013,719,0004,018,0005,377,000-18,034,00015,589,00019,342,00054,748,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Dec 2011Dec 2010Dec 2009
Tangible Assets155,327,000139,114,000137,523,000163,454,000152,384,000108,321,000101,463,00093,781,00090,073,000137,990,00083,093,00086,875,00084,001,00089,806,000116,019,000
Intangible Assets103,977,00089,283,00092,531,00095,412,00078,089,00054,712,00054,815,00056,286,00059,192,0007,088,00064,557,00069,812,00072,939,00075,207,00054,712,000
Investments & Other37,364,00031,784,00030,136,00024,335,00012,068,00011,611,0004,802,0007,185,0003,910,0004,407,0004,000,0006,135,000
Debtors (Due After 1 year)2,878,0002,245,0004,881,00033,158,00026,690,0001,535,0001,768,0001,775,0001,816,000
Total Fixed Assets259,304,000228,397,000230,054,000230,076,000203,783,000163,033,000156,278,000150,067,000149,265,000145,078,000147,650,000156,687,000156,940,000165,013,000170,731,000
Stock & work in progress11,648,00013,231,00018,005,00010,231,0006,856,0008,915,0009,646,0007,750,0005,294,0004,767,0005,842,0008,214,0009,085,00012,633,0009,810,000
Trade Debtors37,738,00040,593,000101,902,00052,173,00062,254,00047,983,00045,565,00057,309,00045,013,00064,530,00055,154,00061,412,00078,095,00065,488,00046,845,000
Group Debtors365,0001,980,0002,315,0002,131,0001,654,0002,157,0003,006,0002,358,000275,0001,228,000842,000725,000773,000
Misc Debtors50,231,00067,148,00013,642,00013,543,00010,704,0005,442,0005,931,0004,956,0005,729,0005,372,0007,143,00010,224,0005,648,0007,037,000
Cash13,803,00011,338,00024,983,00044,338,00024,979,00033,114,00032,849,00019,033,0006,884,0005,525,000671,0002,264,0003,589,00011,548,000
misc current assets675,00025,000670,0001,049,000762,000167,000109,000118,000
total current assets119,106,000136,593,000140,705,000107,694,000127,446,00091,773,00097,429,000105,331,00075,069,00076,299,00072,168,00078,668,000100,510,00088,083,00076,013,000
total assets378,410,000364,990,000370,759,000337,770,000331,229,000254,806,000253,707,000255,398,000224,334,000221,377,000219,818,000235,355,000257,450,000253,096,000246,744,000
Bank overdraft3,409,0003,974,0005,000,00033,159,00018,629,000
Bank loan
Trade Creditors 28,690,00036,284,00047,326,00044,092,00046,886,00036,687,00037,318,00042,532,00030,650,00032,255,00034,554,00047,994,00054,332,00031,314,00027,441,000
Group/Directors Accounts
other short term finances6,200,0004,150,0005,900,0005,900,00020,510,00041,461,000147,000
hp & lease commitments2,931,0002,172,0001,756,0001,744,0001,502,00049,000180,000180,000180,000205,000181,000194,000101,000
other current liabilities62,063,00066,415,00064,366,00033,711,00037,480,0009,013,00028,552,00036,003,00027,402,00027,274,00018,190,00022,895,00015,977,00049,879,00061,158,000
total current liabilities103,293,000109,021,000123,322,00085,447,000106,378,00058,638,00066,050,00078,715,00058,232,00059,734,00057,925,000112,544,000103,569,00099,822,00088,746,000
loans71,348,00044,919,00037,668,00048,430,00036,958,00098,000458,000409,000589,00050,000412,000508,000
hp & lease commitments16,142,00011,224,0009,884,0009,365,0009,729,00049,000229,00025,000206,000254,000
Accruals and Deferred Income
other liabilities1,095,0002,377,0003,081,00010,639,000
provisions23,730,00013,958,00043,124,00053,080,00045,394,00042,322,00037,222,00044,594,00034,974,00040,940,00036,940,00040,408,00042,658,00044,662,00051,046,000
total long term liabilities54,366,00038,251,00043,477,00061,394,00041,176,00021,161,00018,660,00022,526,00017,896,00021,059,00018,495,00020,410,00021,583,00022,331,00025,523,000
total liabilities157,659,000147,272,000166,799,000146,841,000147,554,00079,799,00084,710,000101,241,00076,128,00080,793,00076,420,000132,954,000125,152,000122,153,000114,269,000
net assets220,751,000217,718,000203,960,000190,929,000183,675,000175,007,000168,997,000154,157,000148,206,000140,584,000143,398,000102,401,000132,298,000130,943,000132,475,000
total shareholders funds220,751,000217,718,000203,960,000190,929,000183,675,000175,007,000168,997,000154,157,000148,206,000140,584,000143,398,000102,401,000132,298,000130,943,000132,475,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit26,415,00030,154,00022,803,00022,331,00027,039,00024,906,00022,415,00018,281,0009,888,000259,000-3,499,000-26,544,0008,336,00012,028,00045,105,000
Depreciation9,163,0007,247,0006,865,0006,003,0005,513,0003,649,0003,656,0003,583,0003,693,0003,622,0003,621,0004,981,0004,504,0004,565,0005,235,000
Amortisation90,00079,000178,0002,846,0001,421,000103,0001,333,0002,906,000138,000137,0005,255,0003,529,0002,749,0002,749,0004,408,000
Tax-7,119,000-5,541,000-5,399,000-3,803,000-5,398,000-4,549,000-4,033,000-2,726,000-1,043,000335,0001,417,0005,731,000-960,000-3,474,000-12,778,000
Stock-1,583,000-4,774,0007,774,0003,375,000-2,059,000-731,0001,896,0002,456,000527,000-1,075,000-2,372,0008,214,000-3,548,0002,823,0009,810,000
Debtors-20,754,000-10,774,00021,735,000-297,00042,650,0002,382,000-10,128,00015,656,000-13,788,0003,729,000-10,798,00071,599,00017,300,00017,206,00054,655,000
Creditors-7,594,000-11,042,0003,234,000-2,794,00010,199,000-631,000-5,214,00011,882,000-1,605,000-2,299,000-13,440,00047,994,00023,018,0003,873,00027,441,000
Accruals and Deferred Income-4,352,0002,049,00030,655,000-3,769,00028,467,000-19,539,000-7,451,0008,601,000128,0009,084,000-4,705,00022,895,000-33,902,000-11,279,00061,158,000
Deferred Taxes & Provisions9,772,000-29,166,000-9,956,0007,686,0003,072,0005,100,000-7,372,0009,620,000-5,966,0004,000,000-3,468,00040,408,000-2,004,000-6,384,00051,046,000
Cash flow from operations48,712,0009,328,00018,871,00025,422,00029,722,0007,388,00011,566,00034,035,00018,494,00012,484,000-1,649,00019,181,000-12,011,000-17,951,000117,150,000
Investing Activities
capital expenditure-40,160,000-5,669,00021,769,000-37,242,000-74,374,000-10,507,000-11,200,000-7,291,000-8,018,000-1,187,000161,000-165,197,000820,000-1,596,000-180,374,000
Change in Investments5,580,0001,648,00030,136,000-24,335,00024,335,000-12,068,000457,0006,809,000-2,383,0003,275,0003,910,000407,000-2,135,0006,135,000
cash flow from investments-45,740,000-7,317,000-8,367,000-37,242,000-50,039,000-34,842,000868,000-7,748,000-14,827,0001,196,000-3,114,000-169,107,000413,000539,000-186,509,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans 2,050,000-1,750,000-14,610,00020,510,000-41,461,00041,461,000-147,000147,000
Long term loans26,429,0007,251,000-10,762,00011,472,00036,958,000-98,000-360,00049,000-180,000539,000-362,000412,000508,000
Hire Purchase and Lease Commitments5,677,0001,756,000531,000-122,00011,182,000-180,000-180,000229,000-25,000-1,000-194,000400,000355,000
other long term liabilities-1,282,000-704,000-7,558,00010,639,000
share issue-2,154,0002,069,0006,659,000-1,155,000-2,896,000-799,00010,047,000-4,300,0001,997,000-2,958,00043,637,000129,990,000-4,467,000-282,000101,162,000
interest-3,395,000-3,047,000-1,803,000-1,224,000-1,226,000-195,000-195,000-226,000-245,000-450,000558,000-2,004,000-1,554,000-866,000-1,014,000
cash flow from financing27,325,0005,575,000-12,933,0005,000,00064,528,000-1,272,0009,312,000-4,248,0001,547,000-2,870,0002,178,000170,259,000-5,158,000-1,295,000100,295,000
cash and cash equivalents
cash2,465,00011,338,000-24,983,000-19,355,00019,359,000-8,135,000265,00013,816,00012,149,0001,359,0004,854,000671,000-1,325,000-7,959,00011,548,000
overdraft3,409,000-3,974,0003,974,000-5,000,0005,000,00014,530,00018,629,000
change in cash-944,00015,312,000-28,957,000-19,355,00019,359,000-8,135,000265,00013,816,00012,149,0006,359,000-146,000671,000-15,855,000-26,588,00011,548,000

severfield plc 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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Severfield Plc Competitor Analysis

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Perform a competitor analysis for severfield plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in YO7 area or any other competitors across 12 key performance metrics.

severfield plc Ownership

SEVERFIELD PLC Shareholders

undisclosed 96.27%
nortrust nominees ltd a/c mkk01 2.2%
hsbc global custody nominees (uk) ltd a/c 652768 1.53%

severfield plc directors

Severfield Plc currently has 10 directors. The longest serving directors include Mr Alan Dunsmore (Mar 2010) and Prof Derek Randall (Feb 2011).

officercountryagestartendrole
Mr Alan DunsmoreUnited Kingdom55 years Mar 2010- Director
Prof Derek RandallUnited Kingdom63 years Feb 2011- Director
Mr Adam SempleEngland49 years Feb 2018- Director
Ms Louise HardyUnited Kingdom58 years Sep 2019- Director
Ms Rosemary ToogoodUnited Kingdom57 years Jun 2021- Director
Mr Mark Pegler57 years Oct 2022- Director
Mr Charlie CornishUnited Kingdom65 years May 2024- Director
Ms Cynthia GordonUnited Kingdom62 years Oct 2024- Director
Mr Ian McAulayUnited Kingdom60 years Nov 2024- Director
Mrs Janice CrawfordEngland64 years Nov 2024- Director

P&L

March 2024

turnover

463.5m

-6%

operating profit

26.4m

-12%

gross margin

5.3%

-8.13%

turnover

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

Balance Sheet

March 2024

net assets

220.8m

+0.01%

total assets

378.4m

+0.04%

cash

13.8m

+0.22%

net assets

Total assets minus all liabilities

severfield plc company details

company number

01721262

Type

Public limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

25110 - Manufacture of metal structures and parts of structures

incorporation date

May 1983

age

42

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

severfield-rowen plc (May 2014)

severfield-reeve plc (July 1999)

accountant

-

auditor

KPMG LLP

address

severs house, dalton airfield industrial estat, thirsk, north yorkshire, YO7 3JN

Bank

HSBC BANK PLC

Legal Advisor

ASHURST LLP

severfield plc 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 17 charges/mortgages relating to severfield plc. Currently there are 0 open charges and 17 have been satisfied in the past.

severfield plc 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 SEVERFIELD PLC. This can take several minutes, an email will notify you when this has completed.

severfield plc Companies House Filings - See Documents

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