focusrite audio engineering limited

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focusrite audio engineering limited Company Information

Share FOCUSRITE AUDIO ENGINEERING LIMITED
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MatureMegaLow

Company Number

02357989

Registered Address

artisan hillbottom road, high wycombe, buckinghamshire, HP12 4HJ

Industry

Manufacture of consumer electronics

 

Telephone

01494462246

Next Accounts Due

May 2025

Group Structure

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Directors

Philip Dudderidge35 Years

Damian Hawley14 Years

View All

Shareholders

focusrite plc 100%

focusrite audio engineering limited Estimated Valuation

£138.1m

Pomanda estimates the enterprise value of FOCUSRITE AUDIO ENGINEERING LIMITED at £138.1m based on a Turnover of £102.5m and 1.35x industry multiple (adjusted for size and gross margin).

focusrite audio engineering limited Estimated Valuation

£222.3m

Pomanda estimates the enterprise value of FOCUSRITE AUDIO ENGINEERING LIMITED at £222.3m based on an EBITDA of £23.1m and a 9.61x industry multiple (adjusted for size and gross margin).

focusrite audio engineering limited Estimated Valuation

£175.8m

Pomanda estimates the enterprise value of FOCUSRITE AUDIO ENGINEERING LIMITED at £175.8m based on Net Assets of £93.4m and 1.88x industry multiple (adjusted for liquidity).

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Focusrite Audio Engineering Limited Overview

Focusrite Audio Engineering Limited is a live company located in buckinghamshire, HP12 4HJ with a Companies House number of 02357989. It operates in the manufacture of consumer electronics sector, SIC Code 26400. Founded in March 1989, it's largest shareholder is focusrite plc with a 100% stake. Focusrite Audio Engineering Limited is a mature, mega sized company, Pomanda has estimated its turnover at £102.5m with low growth in recent years.

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Focusrite Audio Engineering Limited Health Check

Pomanda's financial health check has awarded Focusrite Audio Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £102.5m, make it larger than the average company (£7.5m)

£102.5m - Focusrite Audio Engineering Limited

£7.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.9%)

0% - Focusrite Audio Engineering Limited

4.9% - Industry AVG

production

Production

with a gross margin of 46.3%, this company has a comparable cost of product (40.3%)

46.3% - Focusrite Audio Engineering Limited

40.3% - Industry AVG

profitability

Profitability

an operating margin of 17.1% make it more profitable than the average company (6.5%)

17.1% - Focusrite Audio Engineering Limited

6.5% - Industry AVG

employees

Employees

with 248 employees, this is above the industry average (27)

248 - Focusrite Audio Engineering Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.3k, the company has a lower pay structure (£45.3k)

£36.3k - Focusrite Audio Engineering Limited

£45.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £413.4k, this is more efficient (£214.9k)

£413.4k - Focusrite Audio Engineering Limited

£214.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 85 days, this is later than average (37 days)

85 days - Focusrite Audio Engineering Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 116 days, this is slower than average (61 days)

116 days - Focusrite Audio Engineering Limited

61 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 206 days, this is more than average (107 days)

206 days - Focusrite Audio Engineering Limited

107 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (22 weeks)

36 weeks - Focusrite Audio Engineering Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24.5%, this is a lower level of debt than the average (51.3%)

24.5% - Focusrite Audio Engineering Limited

51.3% - Industry AVG

FOCUSRITE AUDIO ENGINEERING LIMITED financials

EXPORTms excel logo

Focusrite Audio Engineering Limited's latest turnover from August 2023 is £102.5 million and the company has net assets of £93.4 million. According to their latest financial statements, Focusrite Audio Engineering Limited has 248 employees and maintains cash reserves of £17.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover102,515,000119,390,000125,342,000102,119,00082,915,00075,121,00066,055,00054,301,00048,029,00040,965,00036,078,23625,270,07820,188,13013,874,0059,059,011
Other Income Or Grants000000000000000
Cost Of Sales55,076,00066,467,00064,140,00060,234,00048,097,00043,597,00039,837,00033,562,00029,488,00025,158,00021,856,88115,632,07811,981,1898,147,5875,242,754
Gross Profit47,439,00052,923,00061,202,00041,885,00034,818,00031,524,00026,218,00020,739,00018,541,00015,807,00014,221,3559,638,0008,206,9415,726,4183,816,257
Admin Expenses29,877,00029,368,00027,142,00021,735,00021,156,00019,576,00016,653,00013,479,00012,020,00010,187,0009,323,7997,488,7546,302,2814,305,8203,319,084
Operating Profit17,562,00023,555,00034,060,00020,150,00013,662,00011,948,0009,565,0007,260,0006,521,0005,620,0004,897,5562,149,2461,904,6601,420,598497,173
Interest Payable232,00028,000329,000349,00040,00040,00044,000116,000002,312027,7931,342144,232
Interest Receivable360,00014,000031,000172,0004,0002,0005,000159,00059,0001,96913,4552,97934,8194,342
Pre-Tax Profit17,690,00023,541,00034,508,00019,832,00013,794,00011,678,0009,607,0007,241,0006,680,0005,720,0004,909,5672,283,9641,879,8461,454,075357,283
Tax-3,125,000-4,732,000-6,064,000-3,096,000-1,373,000-1,138,000-930,000-901,000-987,000-721,000-602,115-183,932-281,994-231,65952,622
Profit After Tax14,565,00018,809,00028,444,00016,736,00012,421,00010,540,0008,677,0006,340,0005,693,0004,999,0004,307,4522,100,0321,597,8521,222,416409,905
Dividends Paid00790,0008,131,0009,292,0008,131,0004,646,0002,904,0003,194,0004,244,0001,025,577537,2070503,74052,287
Retained Profit14,565,00018,809,00027,654,0008,605,0003,129,0002,409,0004,031,0003,436,0002,499,000755,0003,281,8751,562,8251,597,852718,676357,618
Employee Costs8,992,0009,247,0008,890,00010,134,0008,515,0006,230,0005,373,0006,608,0005,408,0005,656,0004,413,9983,532,4143,366,4102,191,0241,780,444
Number Of Employees2482642952551881661451591501068469544343
EBITDA*23,137,00028,724,00038,823,00024,627,00017,023,00015,434,00013,140,0009,666,0008,777,0007,488,0005,467,3492,638,7362,227,2581,702,093739,522

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets4,210,0004,292,0001,645,0001,939,0001,285,0001,199,0001,319,0001,528,0001,302,000972,000568,011516,580547,394351,166408,480
Intangible Assets13,544,00011,387,0008,766,0008,588,0007,423,0006,036,0004,963,0004,792,0003,941,0003,035,000397,258477,444506,861447,319475,277
Investments & Other00013,00013,00013,00013,00013,00013,00013,00012,98712,98712,98712,9870
Debtors (Due After 1 year)30,001,00039,949,0000000000000000
Total Fixed Assets47,755,00055,628,00010,411,00010,527,0008,708,0007,235,0006,282,0006,320,0005,243,0004,007,000978,2561,007,0111,067,242811,472883,757
Stock & work in progress31,093,00027,354,0008,537,0009,036,00012,058,00011,391,0008,344,00011,361,0008,599,0006,578,0006,871,6723,547,3582,700,4521,819,4911,813,358
Trade Debtors24,133,00022,409,0009,126,00013,100,00013,200,00010,558,00011,203,0009,603,0006,463,0005,855,0006,201,1174,300,9833,074,9922,266,8851,341,426
Group Debtors468,0001,243,00042,519,00022,997,00073,00066,000000000015,3480
Misc Debtors1,848,0001,405,0001,683,000913,0003,591,0002,484,0001,626,0001,548,0001,243,000327,0001,473,462210,279237,984268,149199,900
Cash17,926,0003,945,0008,382,0006,542,00012,457,0008,869,0006,547,0005,322,0005,280,0003,736,0001,492,9662,281,0462,443,514947,042166,145
misc current assets491,0000716,000271,000057,00000223,000118,00000000
total current assets75,959,00056,356,00071,410,00052,859,00041,379,00033,425,00027,720,00027,834,00021,808,00016,614,00016,039,21710,339,6668,456,9425,316,9153,520,829
total assets123,714,000111,984,00081,821,00063,386,00050,087,00040,660,00034,002,00034,154,00027,051,00020,621,00017,017,47311,346,6779,524,1846,128,3874,404,586
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 17,532,00012,859,0006,028,00010,291,0007,917,0006,400,0004,303,0006,374,0005,607,0004,327,0004,217,5513,024,2732,759,8401,344,0821,003,876
Group/Directors Accounts1,387,0003,012,000000000008,5821,58167,56600
other short term finances0293,0000000000000000
hp & lease commitments00183,000212,00000000000000
other current liabilities6,648,0007,570,0007,288,00011,813,00011,288,0006,633,0005,761,0009,033,0005,192,0002,726,0002,495,8681,341,2571,283,3131,062,158409,295
total current liabilities25,567,00023,734,00013,499,00022,316,00019,205,00013,033,00010,064,00015,407,00010,799,0007,053,0006,722,0014,367,1114,110,7192,406,2401,413,171
loans0094,000438,00000000000000
hp & lease commitments2,323,0002,762,00047,000219,00000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions2,379,0002,054,0003,044,0002,750,0001,560,000600,000490,000564,0001,486,0001,128,00000000
total long term liabilities4,702,0004,816,0001,569,0001,594,000780,000300,000245,000282,000743,000564,00000000
total liabilities30,269,00028,550,00015,068,00023,910,00019,985,00013,333,00010,309,00015,689,00011,542,0007,617,0006,722,0014,367,1114,110,7192,406,2401,413,171
net assets93,445,00083,434,00066,753,00039,476,00030,102,00027,327,00023,693,00018,465,00015,509,00013,004,00010,295,4726,979,5665,413,4653,722,1472,991,415
total shareholders funds93,445,00083,434,00066,753,00039,476,00030,102,00027,327,00023,693,00018,465,00015,509,00013,004,00010,295,4726,979,5665,413,4653,722,1472,991,415
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit17,562,00023,555,00034,060,00020,150,00013,662,00011,948,0009,565,0007,260,0006,521,0005,620,0004,897,5562,149,2461,904,6601,420,598497,173
Depreciation1,089,0001,093,000941,000820,000628,000683,000625,000355,000354,000407,000489,607400,074282,139253,537214,390
Amortisation4,486,0004,076,0003,822,0003,657,0002,733,0002,803,0002,950,0002,051,0001,902,0001,461,00080,18689,41640,45927,95827,959
Tax-3,125,000-4,732,000-6,064,000-3,096,000-1,373,000-1,138,000-930,000-901,000-987,000-721,000-602,115-183,932-281,994-231,65952,622
Stock3,739,00018,817,000-499,000-3,022,000667,0003,047,000-3,017,0002,762,0002,021,000-293,6723,324,314846,906880,9616,1331,813,358
Debtors-8,556,00011,678,00016,318,00020,146,0003,756,000279,0001,678,0003,445,0001,524,000-1,492,5793,163,3171,198,286762,5941,009,0561,541,326
Creditors4,673,0006,831,000-4,263,0002,374,0001,517,0002,097,000-2,071,000767,0001,280,000109,4491,193,278264,4331,415,758340,2061,003,876
Accruals and Deferred Income-922,000282,000-4,525,000525,0004,655,000872,000-3,272,0003,841,0002,466,000230,1321,154,61157,944221,155652,863409,295
Deferred Taxes & Provisions325,000-990,000294,0001,190,000960,000110,000-74,000-922,000358,0001,128,00000000
Cash flow from operations28,905,000-380,0008,446,0008,496,00018,359,00014,049,0008,132,0006,244,0008,349,00010,020,832725,492731,9891,938,6221,448,314-1,149,369
Investing Activities
capital expenditure-7,650,000-10,437,000-4,647,000-6,296,000-4,834,000-4,439,000-3,537,000-3,483,000-3,492,000-4,909,731-545,880-429,676-578,367-196,223-308,395
Change in Investments00-13,0000000001300012,9870
cash flow from investments-7,650,000-10,437,000-4,634,000-6,296,000-4,834,000-4,439,000-3,537,000-3,483,000-3,492,000-4,909,744-545,880-429,676-578,367-209,210-308,395
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-1,625,0003,012,0000000000-8,5827,001-65,98567,56600
Other Short Term Loans -293,000293,0000000000000000
Long term loans0-94,000-344,000438,00000000000000
Hire Purchase and Lease Commitments-439,0002,532,000-201,000431,00000000000000
other long term liabilities000000000000000
share issue-4,554,000-2,128,000-377,000769,000-354,0001,225,0001,197,000-480,0006,0001,953,52834,0313,27693,46612,0562,633,797
interest128,000-14,000-329,000-318,000132,000-36,000-42,000-111,000159,00059,000-34313,455-24,81433,477-139,890
cash flow from financing-6,783,0003,601,000-1,251,0001,320,000-222,0001,189,0001,155,000-591,000165,0002,003,94640,689-49,254136,21845,5332,493,907
cash and cash equivalents
cash13,981,000-4,437,0001,840,000-5,915,0003,588,0002,322,0001,225,00042,0001,544,0002,243,034-788,080-162,4681,496,472780,897166,145
overdraft000000000000000
change in cash13,981,000-4,437,0001,840,000-5,915,0003,588,0002,322,0001,225,00042,0001,544,0002,243,034-788,080-162,4681,496,472780,897166,145

focusrite audio engineering 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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Focusrite Audio Engineering Limited Competitor Analysis

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

focusrite audio engineering limited Ownership

FOCUSRITE AUDIO ENGINEERING LIMITED group structure

Focusrite Audio Engineering Limited has no subsidiary companies.

Ultimate parent company

1 parent

FOCUSRITE AUDIO ENGINEERING LIMITED

02357989

FOCUSRITE AUDIO ENGINEERING LIMITED Shareholders

focusrite plc 100%

focusrite audio engineering limited directors

Focusrite Audio Engineering Limited currently has 6 directors. The longest serving directors include Mr Philip Dudderidge (Mar 1989) and Mr Damian Hawley (Oct 2009).

officercountryagestartendrole
Mr Philip DudderidgeEngland75 years Mar 1989- Director
Mr Damian HawleyEngland52 years Oct 2009- Director
Mr Timothy DingleyEngland43 years Jul 2010- Director
Mr Simon HoltEngland47 years Sep 2016- Director
Mr Timothy CarrollEngland62 years Jan 2017- Director
Mrs Sally McKone56 years Mar 2021- Director

P&L

August 2023

turnover

102.5m

-14%

operating profit

17.6m

-25%

gross margin

46.3%

+4.39%

turnover

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

Balance Sheet

August 2023

net assets

93.4m

+0.12%

total assets

123.7m

+0.1%

cash

17.9m

+3.54%

net assets

Total assets minus all liabilities

focusrite audio engineering limited company details

company number

02357989

Type

Private limited with Share Capital

industry

26400 - Manufacture of consumer electronics

incorporation date

March 1989

age

35

accounts

Audit Exemption Subsidiary

ultimate parent company

previous names

quadforce limited (April 1989)

incorporated

UK

address

artisan hillbottom road, high wycombe, buckinghamshire, HP12 4HJ

last accounts submitted

August 2023

focusrite audio engineering 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 8 charges/mortgages relating to focusrite audio engineering limited. Currently there are 2 open charges and 6 have been satisfied in the past.

charges

focusrite audio engineering limited Companies House Filings - See Documents

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