ngf europe limited

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ngf europe limited Company Information

Share NGF EUROPE LIMITED

Company Number

02586467

Shareholders

nippon sheet glass company ltd

Group Structure

View All

Industry

Manufacture of glass fibres

 

Registered Address

lea green road, lea green, st. helens, merseyside, WA9 4PR

ngf europe limited Estimated Valuation

£62.1m

Pomanda estimates the enterprise value of NGF EUROPE LIMITED at £62.1m based on a Turnover of £60.4m and 1.03x industry multiple (adjusted for size and gross margin).

ngf europe limited Estimated Valuation

£59.6m

Pomanda estimates the enterprise value of NGF EUROPE LIMITED at £59.6m based on an EBITDA of £9m and a 6.66x industry multiple (adjusted for size and gross margin).

ngf europe limited Estimated Valuation

£186.3m

Pomanda estimates the enterprise value of NGF EUROPE LIMITED at £186.3m based on Net Assets of £65.7m and 2.84x industry multiple (adjusted for liquidity).

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Ngf Europe Limited Overview

Ngf Europe Limited is a live company located in st. helens, WA9 4PR with a Companies House number of 02586467. It operates in the manufacture of glass fibres sector, SIC Code 23140. Founded in February 1991, it's largest shareholder is nippon sheet glass company ltd with a 100% stake. Ngf Europe Limited is a mature, large sized company, Pomanda has estimated its turnover at £60.4m with healthy growth in recent years.

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Ngf Europe Limited Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £60.4m, make it larger than the average company (£29.4m)

£60.4m - Ngf Europe Limited

£29.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.2%)

9% - Ngf Europe Limited

8.2% - Industry AVG

production

Production

with a gross margin of 19.6%, this company has a higher cost of product (39.1%)

19.6% - Ngf Europe Limited

39.1% - Industry AVG

profitability

Profitability

an operating margin of 11.8% make it as profitable than the average company (11.8%)

11.8% - Ngf Europe Limited

11.8% - Industry AVG

employees

Employees

with 219 employees, this is above the industry average (156)

219 - Ngf Europe Limited

156 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.9k, the company has an equivalent pay structure (£63.2k)

£64.9k - Ngf Europe Limited

£63.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £275.8k, this is more efficient (£211.5k)

£275.8k - Ngf Europe Limited

£211.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is earlier than average (46 days)

36 days - Ngf Europe Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (63 days)

32 days - Ngf Europe Limited

63 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 94 days, this is in line with average (92 days)

94 days - Ngf Europe Limited

92 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (14 weeks)

5 weeks - Ngf Europe Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 14.7%, this is a lower level of debt than the average (54.5%)

14.7% - Ngf Europe Limited

54.5% - Industry AVG

NGF EUROPE LIMITED financials

EXPORTms excel logo

Ngf Europe Limited's latest turnover from March 2024 is £60.4 million and the company has net assets of £65.7 million. According to their latest financial statements, Ngf Europe Limited has 219 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover60,390,00059,797,00052,834,00047,114,00052,047,00056,456,00054,524,00049,444,00046,089,00045,868,00050,171,00044,741,00051,589,00049,390,00038,806,000
Other Income Or Grants000391,00000000000000
Cost Of Sales48,572,00048,785,00043,842,00038,735,00045,275,00048,921,00045,934,00041,537,00038,262,00038,701,00041,958,00038,363,00044,086,00042,783,00034,198,000
Gross Profit11,818,00011,012,0008,992,0008,770,0006,772,0007,535,0008,590,0007,907,0007,827,0007,167,0008,213,0006,378,0007,503,0006,607,0004,608,000
Admin Expenses4,683,0004,039,0002,483,0003,191,0003,258,0003,718,0003,927,0004,218,0002,599,0003,202,0002,288,0002,011,0002,550,0003,533,0002,767,000
Operating Profit7,135,0006,973,0006,509,0005,579,0003,514,0003,817,0004,663,0003,689,0005,228,0003,965,0005,925,0004,367,0004,953,0003,074,0001,841,000
Interest Payable465,000266,000146,000245,00075,0001,0003,00033,000310,000311,0002,00012,00034,0007,0008,000
Interest Receivable432,000373,000170,000163,000168,0001,725,00082,00038,00086,00057,00060,00094,00060,00047,00015,000
Pre-Tax Profit7,928,0007,724,0007,167,0005,440,0004,645,0005,533,0005,670,0004,578,0005,997,0003,711,00014,456,0004,188,0004,810,0008,502,000818,000
Tax-1,127,0007,000-54,000-977,000-25,000-354,000-575,000-936,000-679,000-728,000-1,484,000-17,000-26,000-681,0001,841,000
Profit After Tax6,801,0007,731,0007,113,0004,463,0004,620,0005,179,0005,095,0003,642,0005,318,0002,983,00012,972,0004,171,0004,784,0007,821,0002,659,000
Dividends Paid017,200,0001,900,00001,500,0002,500,0000000001,300,0001,600,0001,000,000
Retained Profit6,801,000-9,469,0005,213,0004,463,0003,120,0002,679,0005,095,0003,642,0005,318,0002,983,00012,972,0004,171,0003,484,0006,221,0001,659,000
Employee Costs14,217,00014,022,00012,944,00011,676,00012,580,00013,187,00012,564,00011,306,00010,833,00011,079,00010,260,0008,981,0008,909,0008,224,0007,949,000
Number Of Employees219222220212234240236225227220215206209198190
EBITDA*8,950,0008,854,0008,365,0007,292,0005,235,0005,322,0006,008,0003,689,0006,399,0004,978,0006,944,0005,484,0006,048,0004,379,0003,369,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets24,032,00036,214,00040,729,00029,248,00027,434,00026,916,00025,092,00022,965,00020,805,00021,049,00017,381,0008,812,0008,317,0008,446,0008,767,000
Intangible Assets72,000141,000139,000203,000259,000312,000360,000141,0000000056,000238,000
Investments & Other977,000977,000977,000977,000977,000977,000977,000977,000977,0002,586,000977,000977,0001,241,000997,000977,000
Debtors (Due After 1 year)5,551,0005,690,0008,010,0004,700,0002,664,0003,779,000000000000
Total Fixed Assets30,632,00030,665,00032,858,00029,451,00027,693,00027,228,00025,452,00023,106,00021,782,00023,635,00018,358,0009,789,0009,558,0009,499,0009,982,000
Stock & work in progress12,600,00012,141,00010,805,0008,573,0009,279,00012,910,00010,879,00010,727,0009,221,0009,051,0008,698,0009,320,00011,427,0007,562,0005,633,000
Trade Debtors6,003,00026,620,00037,050,0004,351,0004,745,0004,922,0002,802,0001,990,0004,453,0004,600,00010,287,0009,016,00010,793,00012,722,0009,938,000
Group Debtors25,184,0000030,951,00025,179,00023,281,0008,720,0007,586,00024,391,0001,309,00017,480,00015,746,0008,357,00010,234,0008,247,000
Misc Debtors1,119,00000549,000481,000625,00018,717,00015,848,000560,00017,962,0001,077,000885,000394,000332,000192,000
Cash1,087,000771,000848,000332,000933,000768,000419,0001,926,000231,000322,0001,106,000918,0001,760,000329,0002,474,000
misc current assets357,00091,000134,0001,039,000143,000736,000825,000158,000107,0001,022,00000000
total current assets46,350,00039,623,00048,837,00045,795,00040,760,00043,242,00042,362,00038,235,00038,963,00034,266,00038,648,00035,885,00032,731,00031,179,00026,484,000
total assets76,982,00070,288,00081,695,00075,246,00068,453,00070,470,00067,814,00061,341,00060,745,00057,901,00057,006,00045,674,00042,289,00040,678,00036,466,000
Bank overdraft095,000117,000000000000000
Bank loan000000000000000
Trade Creditors 4,271,0009,193,0006,780,0003,623,0004,028,0004,876,0003,777,0003,319,0002,417,0003,234,0002,933,0001,866,000752,0001,169,000294,000
Group/Directors Accounts2,521,000000001,00005,967,0003,613,0007,747,0004,349,0005,589,0005,736,0008,079,000
other short term finances37,000407,000315,000275,000366,00085,00027,000520,0001,277,00069,00000000
hp & lease commitments000114,000108,0000000000000
other current liabilities3,705,000650,000651,0003,646,0002,063,0003,607,0003,524,0003,746,0001,097,0001,757,0002,196,0001,645,0001,473,0001,854,0001,499,000
total current liabilities10,534,00010,345,0007,863,0007,658,0006,565,0008,568,0007,329,0007,585,00010,758,0008,673,00012,876,0007,860,0007,814,0008,759,0009,872,000
loans73,0000182,000398,000588,0000000000000
hp & lease commitments0091,000199,000294,0000000000000
Accruals and Deferred Income268,000216,000198,00093,0000000075,00000000
other liabilities034,0000000000000000
provisions409,000608,000738,000232,000428,000530,000764,000658,000194,000480,0000000147,000
total long term liabilities750,000554,000658,000408,000508,000265,000382,000329,0002,140,0008,494,0006,781,00011,513,00010,853,0007,054,0008,986,000
total liabilities11,284,00010,899,0008,521,0008,066,0007,073,0008,833,0007,711,0007,914,00012,898,00017,167,00019,657,00019,373,00018,667,00015,813,00018,858,000
net assets65,698,00059,389,00073,174,00067,180,00061,380,00061,637,00060,103,00053,427,00047,847,00040,734,00037,349,00026,301,00023,622,00024,865,00017,608,000
total shareholders funds65,698,00059,389,00073,174,00067,180,00061,380,00061,637,00060,103,00053,427,00047,847,00040,734,00037,349,00026,301,00023,622,00024,865,00017,608,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit7,135,0006,973,0006,509,0005,579,0003,514,0003,817,0004,663,0003,689,0005,228,0003,965,0005,925,0004,367,0004,953,0003,074,0001,841,000
Depreciation1,815,0001,821,0001,792,0001,657,0001,663,0001,449,0001,314,00001,171,0001,002,0001,019,0001,117,0001,039,0001,123,0001,346,000
Amortisation060,00064,00056,00058,00056,00031,0000011,0000056,000182,000182,000
Tax-1,127,0007,000-54,000-977,000-25,000-354,000-575,000-936,000-679,000-728,000-1,484,000-17,000-26,000-681,0001,841,000
Stock459,0001,336,0002,232,000-706,000-3,631,0002,031,000152,0001,506,000170,000353,000-622,000-2,107,0003,865,0001,929,0005,633,000
Debtors5,547,000-12,750,0004,509,0007,482,000462,0002,368,0004,815,000-3,980,0005,533,000-4,973,0003,197,0006,103,000-3,744,0004,911,00018,377,000
Creditors-4,922,0002,413,0003,157,000-405,000-848,0001,099,000458,000902,000-817,000301,0001,067,0001,114,000-417,000875,000294,000
Accruals and Deferred Income3,107,00017,000-2,890,0001,676,000-1,544,00083,000-222,0002,649,000-735,000-364,000551,000172,000-381,000355,0001,499,000
Deferred Taxes & Provisions-199,000-130,000506,000-196,000-102,000-234,000106,000464,000-286,000480,000000-147,000147,000
Cash flow from operations-197,00022,575,0002,343,000614,0005,885,0001,517,000808,0009,242,000-1,821,0009,287,0004,503,0002,757,0005,103,000-2,059,000-16,860,000
Investing Activities
capital expenditure10,436,0002,632,000-13,273,000-3,471,000-2,186,000-3,281,000-3,691,000-2,301,000-927,000-4,681,000-9,588,000-1,612,000-910,000-802,000-10,533,000
Change in Investments00000000-1,609,0001,609,0000-264,000244,00020,000977,000
cash flow from investments10,436,0002,632,000-13,273,000-3,471,000-2,186,000-3,281,000-3,691,000-2,301,000682,000-6,290,000-9,588,000-1,348,000-1,154,000-822,000-11,510,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts2,521,0000000-1,0001,000-5,967,0002,354,000-4,134,0003,398,000-1,240,000-147,000-2,343,0008,079,000
Other Short Term Loans -370,00092,00040,000-91,000281,00058,000-493,000-757,0001,208,00069,00000000
Long term loans73,000-182,000-216,000-190,000588,0000000000000
Hire Purchase and Lease Commitments0-91,000-222,000-89,000402,0000000000000
other long term liabilities-34,00034,0000000000000000
share issue-492,000-4,316,000781,0001,337,000-3,377,000-1,145,0001,581,0001,938,0001,795,000402,000-1,924,000-1,492,000-4,727,0001,036,00015,949,000
interest-33,000107,00024,000-82,00093,0001,724,00079,0005,000-224,000-254,00058,00082,00026,00040,0007,000
cash flow from financing1,665,000-4,356,000407,000885,000-2,013,000636,0001,168,000-4,781,0005,133,000-3,917,0001,532,000-2,650,000-4,848,000-1,267,00024,035,000
cash and cash equivalents
cash316,000-77,000516,000-601,000165,000349,000-1,507,0001,695,000-91,000-784,000188,000-842,0001,431,000-2,145,0002,474,000
overdraft-95,000-22,000117,000000000000000
change in cash411,000-55,000399,000-601,000165,000349,000-1,507,0001,695,000-91,000-784,000188,000-842,0001,431,000-2,145,0002,474,000

ngf europe 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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Ngf Europe Limited Competitor Analysis

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Perform a competitor analysis for ngf europe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in WA9 area or any other competitors across 12 key performance metrics.

ngf europe limited Ownership

NGF EUROPE LIMITED group structure

Ngf Europe Limited has 1 subsidiary company.

Ultimate parent company

NIPPON SHEET GLASS CO LTD

#0021251

1 parent

NGF EUROPE LIMITED

02586467

1 subsidiary

NGF EUROPE LIMITED Shareholders

nippon sheet glass company ltd 100%

ngf europe limited directors

Ngf Europe Limited currently has 5 directors. The longest serving directors include Mr Alistair Poole (Apr 2008) and Mr Mitsuharu Akiyama (Oct 2013).

officercountryagestartendrole
Mr Alistair PooleUnited Kingdom60 years Apr 2008- Director
Mr Mitsuharu Akiyama58 years Oct 2013- Director
Mr Gerrard Farnworth56 years Dec 2015- Director
Mr Iain Smith52 years May 2019- Director
Mr Keisuke Kajihara48 years Oct 2021- Director

P&L

March 2024

turnover

60.4m

+1%

operating profit

7.1m

+2%

gross margin

19.6%

+6.27%

turnover

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

Balance Sheet

March 2024

net assets

65.7m

+0.11%

total assets

77m

+0.1%

cash

1.1m

+0.41%

net assets

Total assets minus all liabilities

ngf europe limited company details

company number

02586467

Type

Private limited with Share Capital

industry

23140 - Manufacture of glass fibres

incorporation date

February 1991

age

34

incorporated

UK

ultimate parent company

NIPPON SHEET GLASS CO LTD

accounts

Full Accounts

last accounts submitted

March 2024

previous names

alnery no. 1071 limited (May 1991)

accountant

-

auditor

ERNST & YOUNG LLP

address

lea green road, lea green, st. helens, merseyside, WA9 4PR

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

ngf europe 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 ngf europe limited.

ngf europe 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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ngf europe limited Companies House Filings - See Documents

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