brewin dolphin limited

5

brewin dolphin limited Company Information

Share BREWIN DOLPHIN LIMITED
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Company Number

02135876

Registered Address

12 smithfield street, london, EC1A 9BD

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Telephone

02072484400

Next Accounts Due

July 2025

Group Structure

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Directors

Caroline Taylor10 Years

David Monks4 Years

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Shareholders

brewin dolphin holdings limited 100%

brewin dolphin limited Estimated Valuation

£1.2b

Pomanda estimates the enterprise value of BREWIN DOLPHIN LIMITED at £1.2b based on a Turnover of £420.7m and 2.83x industry multiple (adjusted for size and gross margin).

brewin dolphin limited Estimated Valuation

£827.2m

Pomanda estimates the enterprise value of BREWIN DOLPHIN LIMITED at £827.2m based on an EBITDA of £70.7m and a 11.7x industry multiple (adjusted for size and gross margin).

brewin dolphin limited Estimated Valuation

£591.4m

Pomanda estimates the enterprise value of BREWIN DOLPHIN LIMITED at £591.4m based on Net Assets of £309.9m and 1.91x industry multiple (adjusted for liquidity).

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Brewin Dolphin Limited Overview

Brewin Dolphin Limited is a live company located in london, EC1A 9BD with a Companies House number of 02135876. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 1987, it's largest shareholder is brewin dolphin holdings limited with a 100% stake. Brewin Dolphin Limited is a mature, mega sized company, Pomanda has estimated its turnover at £420.7m with healthy growth in recent years.

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Brewin Dolphin Limited Health Check

Pomanda's financial health check has awarded Brewin Dolphin Limited a 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 Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £420.7m, make it larger than the average company (£4.9m)

£420.7m - Brewin Dolphin Limited

£4.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.4%)

8% - Brewin Dolphin Limited

4.4% - Industry AVG

production

Production

with a gross margin of 61.2%, this company has a comparable cost of product (61.2%)

61.2% - Brewin Dolphin Limited

61.2% - Industry AVG

profitability

Profitability

an operating margin of 9.7% make it as profitable than the average company (10.4%)

9.7% - Brewin Dolphin Limited

10.4% - Industry AVG

employees

Employees

with 2191 employees, this is above the industry average (15)

2191 - Brewin Dolphin Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £116.2k, the company has a higher pay structure (£79.3k)

£116.2k - Brewin Dolphin Limited

£79.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £192k, this is equally as efficient (£215.1k)

£192k - Brewin Dolphin Limited

£215.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 88 days, this is later than average (31 days)

88 days - Brewin Dolphin Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 223 days, this is slower than average (37 days)

223 days - Brewin Dolphin Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Brewin Dolphin Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (38 weeks)

55 weeks - Brewin Dolphin Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52%, this is a similar level of debt than the average (56.2%)

52% - Brewin Dolphin Limited

56.2% - Industry AVG

BREWIN DOLPHIN LIMITED financials

EXPORTms excel logo

Brewin Dolphin Limited's latest turnover from October 2023 is £420.7 million and the company has net assets of £309.9 million. According to their latest financial statements, Brewin Dolphin Limited has 2,191 employees and maintains cash reserves of £224.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover420,711,000377,662,000372,037,000334,850,000326,461,000319,971,000295,567,000278,912,000284,113,000285,119,000281,250,000266,852,000273,672,000250,889,000212,312,000
Other Income Or Grants0002,136,00000000000000
Cost Of Sales163,220,626141,082,940-1,841,0000112,280,564114,569,727102,473,246100,622,199101,109,662109,749,249106,644,413109,048,457113,485,985106,704,1860
Gross Profit257,490,374236,579,060373,878,000336,986,000214,180,436205,401,273193,093,754178,289,801183,003,338175,369,751174,605,587157,803,543160,186,015144,184,8140
Admin Expenses216,912,374181,818,060301,160,000268,990,000151,474,436137,458,273135,708,754126,162,801140,634,338167,558,751151,726,587135,856,543144,408,015118,724,814-14,282,000
Operating Profit40,578,00054,761,00072,718,00067,996,00062,706,00067,943,00057,385,00052,127,00042,369,0007,811,00022,879,00021,947,00015,778,00025,460,00014,282,000
Interest Payable3,236,0002,423,0002,133,0002,472,000146,000117,000188,000326,000429,000180,000357,000768,000722,000453,000968,000
Interest Receivable8,951,0001,441,000453,000895,0001,677,000900,000157,000507,000743,0001,207,000983,0001,352,0001,040,0001,101,0002,078,000
Pre-Tax Profit47,491,00055,055,00071,038,00066,419,00064,238,00069,114,00057,356,00066,305,00045,316,0008,657,00024,106,00022,629,00015,062,00024,726,00015,739,000
Tax-17,291,000-5,350,000-16,175,000-14,479,000-14,226,000-14,796,000-12,231,000-13,826,000-7,919,000-2,522,000-8,040,000-8,471,000-6,086,000-9,001,000-5,795,000
Profit After Tax30,200,00049,705,00054,863,00051,940,00050,012,00054,318,00045,125,00052,479,00037,397,0006,135,00016,066,00014,158,0008,976,00015,725,0009,944,000
Dividends Paid8,500,00015,000,00045,000,00045,500,000060,500,00042,500,00030,000,00035,000,00015,000,00020,000,00017,000,00017,000,00010,000,00010,000,000
Retained Profit21,700,00034,705,0009,863,0006,440,00050,012,000-6,182,0002,625,00022,479,0002,397,000-8,865,000-3,934,000-2,842,000-8,024,0005,725,000-56,000
Employee Costs254,685,000228,626,000208,821,000188,319,000180,021,000170,142,000159,107,000151,979,000154,847,000148,838,000151,673,000133,993,000133,516,000121,420,000106,401,000
Number Of Employees2,1912,2372,1152,0091,8781,7271,6621,7101,8381,7841,9391,8941,8601,7801,668
EBITDA*70,690,00074,223,00092,253,00077,649,00071,566,00080,142,00069,461,00065,375,00057,924,00062,200,00049,675,00049,483,00044,554,00050,004,00038,178,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets8,702,0007,555,00039,616,00046,644,00052,630,0007,365,0003,668,0004,659,0008,091,00018,194,00048,445,00036,906,00024,012,00027,972,00026,673,000
Intangible Assets222,342,000233,469,000175,693,000156,081,000129,671,00098,060,000106,494,00090,118,00094,431,00035,731,00049,090,00059,764,00071,015,00068,574,00077,147,000
Investments & Other15,495,00022,373,00025,604,00025,186,00023,416,00014,041,0007,120,000165,000164,00010,164,00010,164,0006,177,0006,251,0006,278,00010,773,000
Debtors (Due After 1 year)28,898,00025,793,0001,791,0002,897,000688,0000200,000256,000374,000767,000952,0000001,939,000
Total Fixed Assets275,437,000289,190,000242,704,000230,808,000206,405,000119,466,000117,482,00095,198,000103,060,00064,856,000108,651,000102,847,000101,278,000102,824,000116,532,000
Stock & work in progress000000000000000
Trade Debtors102,013,000221,478,000156,302,000168,276,000142,824,000158,278,000227,876,000205,135,000242,165,000289,138,000199,278,000167,080,000194,232,000287,730,000411,932,000
Group Debtors5,015,0002,813,0002,808,000416,000593,000314,000505,000585,000494,0001,127,0004,450,000450,000481,000317,000217,000
Misc Debtors36,580,00093,732,00087,092,00076,248,00076,544,00019,429,00023,109,00023,353,00029,838,00027,820,00066,188,00071,379,00061,157,00050,523,00032,923,000
Cash224,920,000153,019,000161,485,000156,518,000174,060,000178,131,000162,046,000167,120,000146,394,000130,293,000129,245,00068,514,00083,348,00087,210,00068,890,000
misc current assets1,100,000290,000211,000235,000197,000676,000736,000833,000140,00000000165,000
total current assets369,628,000471,332,000407,898,000401,693,000394,218,000356,828,000414,272,000397,026,000419,031,000448,378,000399,161,000307,423,000339,218,000425,780,000514,127,000
total assets645,065,000760,522,000650,602,000632,501,000600,623,000476,294,000531,754,000492,224,000522,091,000513,234,000507,812,000410,270,000440,496,000528,604,000630,659,000
Bank overdraft2,246,0002,094,00000000016,0001,270,0003,153,000243,000672,0001,046,0004,289,000
Bank loan000000000000000
Trade Creditors 99,945,000219,169,000155,156,000167,202,000141,521,00099,189,000173,657,000154,148,000187,049,000235,905,000214,924,000178,510,000207,264,000303,694,000421,555,000
Group/Directors Accounts7,637,00014,408,00042,429,00035,622,00039,548,00073,263,00054,386,00046,156,00049,302,00038,915,00044,553,000219,00019,163,00012,245,0003,729,000
other short term finances88,0009,930,000000000000001,806,0006,142,000
hp & lease commitments7,455,0006,995,0007,617,0008,175,00000000000000
other current liabilities95,251,000100,242,000100,788,00083,081,00087,417,00079,780,00073,327,00068,219,00078,497,00080,706,00079,330,00076,803,00067,235,00058,337,00047,576,000
total current liabilities212,622,000352,838,000305,990,000294,080,000268,486,000252,232,000301,370,000268,523,000314,864,000356,796,000341,960,000255,775,000294,334,000377,128,000483,291,000
loans00000000001,185,0001,525,0002,556,0001,749,0003,221,000
hp & lease commitments61,683,00060,513,00037,921,00044,780,00050,627,0000000000000
Accruals and Deferred Income643,000000000784,00001,271,00000000
other liabilities39,466,00026,528,0004,178,0004,000,0004,263,000762,000602,000201,00009,212,0008,559,00010,659,00018,523,00013,661,00017,385,000
provisions20,714,00022,932,00020,558,00020,759,00016,551,00011,658,00012,094,0009,697,00021,539,0004,142,0007,664,0001,886,0005,931,0005,464,0002,043,000
total long term liabilities122,506,000109,973,00062,657,00069,539,00071,441,00012,420,00012,696,00017,634,00024,408,00020,813,00024,750,00021,581,00032,265,00029,999,00034,351,000
total liabilities335,128,000462,811,000368,647,000363,619,000339,927,000264,652,000314,066,000286,157,000339,272,000377,609,000366,710,000277,356,000326,599,000407,127,000517,642,000
net assets309,937,000297,711,000281,955,000268,882,000260,696,000211,642,000217,688,000206,067,000182,819,000135,625,000141,102,000132,914,000113,897,000121,477,000113,017,000
total shareholders funds309,937,000297,711,000281,955,000268,882,000260,696,000211,642,000217,688,000206,067,000182,819,000135,625,000141,102,000132,914,000113,897,000121,477,000113,017,000
Oct 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit40,578,00054,761,00072,718,00067,996,00062,706,00067,943,00057,385,00052,127,00042,369,0007,811,00022,879,00021,947,00015,778,00025,460,00014,282,000
Depreciation2,282,0002,424,0009,300,0002,905,0002,605,0002,364,0001,865,0003,811,0005,112,00039,393,00010,734,00012,271,00012,271,00012,288,00010,828,000
Amortisation27,830,00017,038,00010,235,0006,748,0006,255,0009,835,00010,211,0009,437,00010,443,00014,996,00016,062,00015,265,00016,505,00012,256,00013,068,000
Tax-17,291,000-5,350,000-16,175,000-14,479,000-14,226,000-14,796,000-12,231,000-13,826,000-7,919,000-2,522,000-8,040,000-8,471,000-6,086,000-9,001,000-5,795,000
Stock000000000000000
Debtors-171,310,00095,823,000156,00027,188,00042,628,000-73,669,00022,361,000-43,542,000-45,981,00047,984,00031,959,000-16,961,000-82,700,000-108,441,000447,011,000
Creditors-119,224,00064,013,000-12,046,00025,681,00042,332,000-74,468,00019,509,000-32,901,000-48,856,00020,981,00036,414,000-28,754,000-96,430,000-117,861,000421,555,000
Accruals and Deferred Income-4,348,000-546,00017,707,000-4,336,0007,637,0006,453,0004,324,000-9,494,000-3,480,0002,647,0002,527,0009,568,0008,898,00010,761,00047,576,000
Deferred Taxes & Provisions-2,218,0002,374,000-201,0004,208,0004,893,000-436,0002,397,000-11,842,00017,397,000-3,522,0005,778,000-4,045,000467,0003,421,0002,043,000
Cash flow from operations98,919,00038,891,00081,382,00061,535,00069,574,00070,564,00061,099,00040,854,00061,047,00031,800,00054,395,00034,742,00034,103,00045,765,00056,546,000
Investing Activities
capital expenditure-20,132,000-45,177,000-32,119,000-30,077,000-85,736,000-7,462,000-27,461,000-5,503,000-64,152,000-10,779,000-27,661,000-29,179,000-27,257,000-17,270,000-127,716,000
Change in Investments-6,878,000-3,231,000418,0001,770,0009,375,0006,921,0006,955,0001,000-10,000,00003,987,000-74,000-27,000-4,495,00010,773,000
cash flow from investments-13,254,000-41,946,000-32,537,000-31,847,000-95,111,000-14,383,000-34,416,000-5,504,000-54,152,000-10,779,000-31,648,000-29,105,000-27,230,000-12,775,000-138,489,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-6,771,000-28,021,0006,807,000-3,926,000-33,715,00018,877,0008,230,000-3,146,00010,387,000-5,638,00044,334,000-18,944,0006,918,0008,516,0003,729,000
Other Short Term Loans -9,842,0009,930,0000000000000-1,806,000-4,336,0006,142,000
Long term loans000000000-1,185,000-340,000-1,031,000807,000-1,472,0003,221,000
Hire Purchase and Lease Commitments1,630,00021,970,000-7,417,0002,328,00050,627,0000000000000
other long term liabilities12,938,00022,350,000178,000-263,0003,501,000160,000401,000201,000-9,212,000653,000-2,100,000-7,864,0004,862,000-3,724,00017,385,000
share issue-9,474,000-18,949,0003,210,0001,746,000-958,000136,0008,996,000769,00044,797,0003,388,00012,122,00021,859,000444,0002,735,000113,073,000
interest5,715,000-982,000-1,680,000-1,577,0001,531,000783,000-31,000181,000314,0001,027,000626,000584,000318,000648,0001,110,000
cash flow from financing-5,804,0006,298,0001,098,000-1,692,00020,986,00019,956,00017,596,000-1,995,00046,286,000-1,755,00054,642,000-5,396,00011,543,0002,367,000144,660,000
cash and cash equivalents
cash71,901,000-8,466,0004,967,000-17,542,000-4,071,00016,085,000-5,074,00020,726,00016,101,0001,048,00060,731,000-14,834,000-3,862,00018,320,00068,890,000
overdraft152,0002,094,00000000-16,000-1,254,000-1,883,0002,910,000-429,000-374,000-3,243,0004,289,000
change in cash71,749,000-10,560,0004,967,000-17,542,000-4,071,00016,085,000-5,074,00020,742,00017,355,0002,931,00057,821,000-14,405,000-3,488,00021,563,00064,601,000

brewin dolphin 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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Brewin Dolphin Limited Competitor Analysis

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Perform a competitor analysis for brewin dolphin limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

brewin dolphin limited directors

Brewin Dolphin Limited currently has 10 directors. The longest serving directors include Mrs Caroline Taylor (May 2014) and Mr David Monks (Feb 2020).

officercountryagestartendrole
Mrs Caroline Taylor61 years May 2014- Director
Mr David MonksUnited Kingdom64 years Feb 2020- Director
Mr Robin BeerUnited Kingdom49 years Jun 2020- Director
Mrs Joanna Hall59 years Jun 2021- Director
Mr David BuckleyEngland61 years Sep 2022- Director
Mrs Polly Williams58 years Sep 2022- Director
Ms Sandra AversaUnited Kingdom51 years Sep 2022- Director
Ms Jennifer PublicoverUnited Kingdom50 years Sep 2022- Director
Mr David ThomasUnited Kingdom58 years Oct 2022- Director
Ms Malena LjungkvistUnited Kingdom48 years Oct 2023- Director

P&L

October 2023

turnover

420.7m

+11%

operating profit

40.6m

-26%

gross margin

61.3%

-2.3%

turnover

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

Balance Sheet

October 2023

net assets

309.9m

+0.04%

total assets

645.1m

-0.15%

cash

224.9m

+0.47%

net assets

Total assets minus all liabilities

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brewin dolphin limited company details

company number

02135876

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

June 1987

age

37

accounts

Full Accounts

ultimate parent company

RBC WEALTH MANAGEMENT JERSEY HOLDINGS

previous names

brewin dolphin securities limited (October 2007)

brewin dolphin bell lawrie limited (September 1998)

incorporated

UK

address

12 smithfield street, london, EC1A 9BD

last accounts submitted

October 2023

brewin dolphin 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 11 charges/mortgages relating to brewin dolphin limited. Currently there are 1 open charges and 10 have been satisfied in the past.

charges

brewin dolphin limited Companies House Filings - See Documents

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