phinia delphi uk ltd

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phinia delphi uk ltd Company Information

Share PHINIA DELPHI UK LTD
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MatureMegaDeclining

Company Number

03870587

Registered Address

brunel way, stroudwater business park, stonehouse, gloucestershire, GL10 3SX

Industry

Manufacture of other parts and accessories for motor vehicles

 

Telephone

08000118135

Next Accounts Due

September 2024

Group Structure

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Directors

Winston North2 Years

James Kyte1 Years

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Shareholders

borgwarner uk automotive operations limited 100%

phinia delphi uk ltd Estimated Valuation

£333.7m

Pomanda estimates the enterprise value of PHINIA DELPHI UK LTD at £333.7m based on a Turnover of £588.9m and 0.57x industry multiple (adjusted for size and gross margin).

phinia delphi uk ltd Estimated Valuation

£575.4m

Pomanda estimates the enterprise value of PHINIA DELPHI UK LTD at £575.4m based on an EBITDA of £98.6m and a 5.84x industry multiple (adjusted for size and gross margin).

phinia delphi uk ltd Estimated Valuation

£1b

Pomanda estimates the enterprise value of PHINIA DELPHI UK LTD at £1b based on Net Assets of £537.6m and 1.88x industry multiple (adjusted for liquidity).

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Phinia Delphi Uk Ltd Overview

Phinia Delphi Uk Ltd is a live company located in stonehouse, GL10 3SX with a Companies House number of 03870587. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in November 1999, it's largest shareholder is borgwarner uk automotive operations limited with a 100% stake. Phinia Delphi Uk Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £588.9m with declining growth in recent years.

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Phinia Delphi Uk Ltd Health Check

Pomanda's financial health check has awarded Phinia Delphi Uk Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

0 Regular

positive_score

4 Weak

size

Size

annual sales of £588.9m, make it larger than the average company (£21.4m)

£588.9m - Phinia Delphi Uk Ltd

£21.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (-3.1%)

-4% - Phinia Delphi Uk Ltd

-3.1% - Industry AVG

production

Production

with a gross margin of 25.4%, this company has a lower cost of product (18.5%)

25.4% - Phinia Delphi Uk Ltd

18.5% - Industry AVG

profitability

Profitability

an operating margin of 13.9% make it more profitable than the average company (3.3%)

13.9% - Phinia Delphi Uk Ltd

3.3% - Industry AVG

employees

Employees

with 1490 employees, this is above the industry average (122)

1490 - Phinia Delphi Uk Ltd

122 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.5k, the company has a higher pay structure (£40k)

£51.5k - Phinia Delphi Uk Ltd

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £395.2k, this is more efficient (£167.7k)

£395.2k - Phinia Delphi Uk Ltd

£167.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (52 days)

66 days - Phinia Delphi Uk Ltd

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 67 days, this is slower than average (42 days)

67 days - Phinia Delphi Uk Ltd

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 83 days, this is more than average (63 days)

83 days - Phinia Delphi Uk Ltd

63 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (9 weeks)

29 weeks - Phinia Delphi Uk Ltd

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30%, this is a lower level of debt than the average (58.7%)

30% - Phinia Delphi Uk Ltd

58.7% - Industry AVG

phinia delphi uk ltd 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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Phinia Delphi Uk Ltd Competitor Analysis

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Perform a competitor analysis for phinia delphi uk ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

phinia delphi uk ltd Ownership

PHINIA DELPHI UK LTD group structure

Phinia Delphi Uk Ltd has 3 subsidiary companies.

PHINIA DELPHI UK LTD Shareholders

borgwarner uk automotive operations limited 100%

phinia delphi uk ltd directors

Phinia Delphi Uk Ltd currently has 5 directors. The longest serving directors include Mr Winston North (Feb 2022) and Mr James Kyte (Aug 2022).

officercountryagestartendrole
Mr Winston NorthUnited Kingdom58 years Feb 2022- Director
Mr James KyteUnited Kingdom48 years Aug 2022- Director
Miss Chelsey BirdUnited Kingdom32 years Jun 2023- Director
Mr Neil FryerUnited Kingdom62 years Jun 2023- Director
Mr Gordon MuirUnited States52 years Jul 2023- Director

PHINIA DELPHI UK LTD financials

EXPORTms excel logo

Phinia Delphi Uk Ltd's latest turnover from December 2022 is £588.9 million and the company has net assets of £537.6 million. According to their latest financial statements, Phinia Delphi Uk Ltd has 1,490 employees and maintains cash reserves of £101.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover588,872,000543,111,000450,643,000672,489,000667,480,000605,217,000410,801,000403,462,000428,383,000380,087,000359,649,000407,649,000340,054,000240,756,000
Other Income Or Grants00000000000000
Cost Of Sales439,366,000395,871,000326,767,000479,644,000477,760,000426,814,000305,392,000299,220,000317,029,000270,075,000253,567,000281,626,000239,733,000195,608,000
Gross Profit149,506,000147,240,000123,876,000192,845,000189,720,000178,403,000105,409,000104,242,000111,354,000110,012,000106,082,000126,023,000100,321,00045,148,000
Admin Expenses67,481,00085,063,00097,061,000153,444,000171,649,000176,160,00083,426,00084,824,00083,368,00072,847,00068,195,00064,936,00052,484,00040,517,000
Operating Profit82,025,00062,177,00026,815,00039,401,00018,071,0002,243,00021,983,00019,418,00027,986,00037,165,00037,887,00061,087,00047,837,0004,631,000
Interest Payable932,0002,122,0001,556,0005,735,0006,300,0007,375,0006,418,0006,133,0006,108,0003,983,0001,100,00020,234,0003,825,0003,146,000
Interest Receivable5,041,0004,353,0005,698,0006,601,0006,451,0003,672,0004,166,0002,474,0005,378,0006,459,0006,728,00022,937,0002,466,000372,000
Pre-Tax Profit83,243,00054,715,00020,299,00086,192,0009,742,00011,654,00019,204,00013,951,00027,254,00039,644,00043,181,00065,126,00046,291,0001,806,000
Tax-6,727,000-4,973,000-4,443,000-15,660,000-3,925,000710,0001,814,0002,216,0002,375,0006,351,000-710,000-5,872,000-1,499,0001,382,000
Profit After Tax76,516,00049,742,00015,856,00070,532,0005,817,00012,364,00021,018,00016,167,00029,629,00045,995,00042,471,00059,254,00044,792,0003,188,000
Dividends Paid000000000055,000,000000
Retained Profit76,516,00049,742,00015,856,00070,532,0005,817,00012,364,00021,018,00016,167,00029,629,00045,995,000-12,529,00059,254,00044,792,0003,188,000
Employee Costs76,774,00076,706,00082,971,00097,729,000127,793,000126,252,000113,591,000115,744,000122,543,000114,199,000108,467,000102,300,00094,339,00087,741,000
Number Of Employees1,4901,4441,6331,8282,3942,4202,3682,5782,6002,6452,6572,5732,5452,620
EBITDA*98,584,00077,272,00041,062,00056,151,00036,098,00023,857,00045,428,00044,216,00051,022,00057,256,00055,635,00078,517,00066,361,00023,976,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets109,684,000103,674,00099,472,000108,942,000109,131,000105,783,000115,232,000128,100,000141,259,000134,089,000116,578,000103,868,000102,717,000108,010,000
Intangible Assets867,0001,726,0002,585,0003,444,0006,853,00011,354,00015,856,00020,359,00024,862,00024,182,00025,081,00028,784,00032,487,00036,190,000
Investments & Other190,0003,840,000000000000000
Debtors (Due After 1 year)173,231,000219,154,000146,698,000145,612,000121,839,000114,406,000112,172,000108,875,000000000
Total Fixed Assets283,972,000328,394,000248,755,000257,998,000237,823,000231,543,000243,260,000257,334,000166,121,000158,271,000141,659,000132,652,000135,204,000144,200,000
Stock & work in progress100,902,00083,371,00067,384,00090,366,00098,208,000103,442,00054,312,00047,681,00056,638,00051,583,00043,586,00046,639,00039,696,00027,858,000
Trade Debtors107,954,00083,904,000104,803,000112,145,000143,200,000146,059,00085,939,00074,843,00086,672,00076,590,00061,446,00071,714,00054,021,00042,020,000
Group Debtors136,977,00081,668,000121,263,000106,680,00070,088,000118,100,000107,462,00064,027,000143,284,000179,742,000202,466,000184,291,000138,136,00081,582,000
Misc Debtors36,941,00025,388,00064,903,00077,295,00077,833,00083,655,00078,778,00057,926,00055,342,00010,739,00012,012,00010,998,0003,856,0003,996,000
Cash101,167,00080,889,00050,876,00050,626,00095,249,0002,204,0001,495,000681,000247,000401,0001,410,000302,0006,706,0002,683,000
misc current assets00000000000000
total current assets483,941,000355,220,000409,229,000437,112,000484,578,000453,460,000327,986,000245,158,000342,183,000319,055,000320,920,000313,944,000242,415,000158,139,000
total assets767,913,000683,614,000657,984,000695,110,000722,401,000685,003,000571,246,000502,492,000508,304,000477,326,000462,579,000446,596,000377,619,000302,339,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 80,860,00083,938,00083,336,00085,419,000112,736,000106,735,00051,736,00039,856,00056,767,00065,727,00056,091,00063,296,00056,700,00036,782,000
Group/Directors Accounts31,508,00023,890,00037,046,00064,340,00072,955,00055,671,00051,265,00026,075,00029,535,00049,929,00064,699,00027,038,00020,040,00013,853,000
other short term finances000000000016,722,00028,314,00017,093,0009,933,000
hp & lease commitments00000000000000
other current liabilities66,161,00059,047,00043,038,00042,479,00041,476,00032,477,00011,722,00013,293,00010,938,00013,693,00015,630,0008,680,0006,747,0005,783,000
total current liabilities178,529,000166,875,000163,420,000192,238,000227,167,000194,883,000114,723,00079,224,00097,240,000129,349,000153,142,000127,328,000100,580,00066,351,000
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000980,0001,022,000748,000
other liabilities00000000000000
provisions4,509,0009,975,00014,104,00026,027,00032,844,00037,322,0003,898,0006,256,0007,950,0006,049,0008,158,0009,475,0009,202,00010,578,000
total long term liabilities51,788,00013,984,000136,650,000236,375,000273,848,000313,466,000300,676,000187,551,000186,896,000119,651,000117,244,00085,505,00082,752,00097,726,000
total liabilities230,317,000180,859,000300,070,000428,613,000501,015,000508,349,000415,399,000266,775,000284,136,000249,000,000270,386,000212,833,000183,332,000164,077,000
net assets537,596,000502,755,000357,914,000266,497,000221,386,000176,654,000155,847,000235,717,000224,168,000228,326,000192,193,000233,763,000194,287,000138,262,000
total shareholders funds537,596,000502,755,000357,914,000266,497,000221,386,000176,654,000155,847,000235,717,000224,168,000228,326,000192,193,000233,763,000194,287,000138,262,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit82,025,00062,177,00026,815,00039,401,00018,071,0002,243,00021,983,00019,418,00027,986,00037,165,00037,887,00061,087,00047,837,0004,631,000
Depreciation15,700,00014,236,00013,388,00013,341,00013,526,00017,111,00018,942,00020,295,00018,780,00016,133,00014,045,00013,727,00014,821,00015,686,000
Amortisation859,000859,000859,0003,409,0004,501,0004,503,0004,503,0004,503,0004,256,0003,958,0003,703,0003,703,0003,703,0003,659,000
Tax-6,727,000-4,973,000-4,443,000-15,660,000-3,925,000710,0001,814,0002,216,0002,375,0006,351,000-710,000-5,872,000-1,499,0001,382,000
Stock17,531,00015,987,000-22,982,000-7,842,000-5,234,00049,130,0006,631,000-8,957,0005,055,0007,997,000-3,053,0006,943,00011,838,00027,858,000
Debtors44,989,000-27,553,000-4,065,00028,772,000-49,260,00077,869,00078,680,00020,373,00018,227,000-8,853,0008,921,00070,990,00068,415,000127,598,000
Creditors-3,078,000602,000-2,083,000-27,317,0006,001,00054,999,00011,880,000-16,911,000-8,960,0009,636,000-7,205,0006,596,00019,918,00036,782,000
Accruals and Deferred Income7,114,00016,009,000559,0001,003,0008,999,00020,755,000-1,571,0002,355,000-2,755,000-1,937,0005,970,0001,891,0001,238,0006,531,000
Deferred Taxes & Provisions-5,466,000-4,129,000-11,923,000-6,817,000-4,478,00033,424,000-2,358,000-1,694,0001,901,000-2,109,000-1,317,000273,000-1,376,00010,578,000
Cash flow from operations27,907,00096,347,00050,219,000-13,570,00097,189,0006,746,000-30,118,00018,766,00020,301,00070,053,00046,505,0003,472,0004,389,000-76,207,000
Investing Activities
capital expenditure-21,710,000-18,438,000-3,918,000-13,152,000-16,874,000-7,663,000-6,074,000-7,136,000-30,886,000-36,703,000-26,755,000-14,878,000-9,528,000-163,545,000
Change in Investments-3,650,0003,840,000000000000000
cash flow from investments-18,060,000-22,278,000-3,918,000-13,152,000-16,874,000-7,663,000-6,074,000-7,136,000-30,886,000-36,703,000-26,755,000-14,878,000-9,528,000-163,545,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts7,618,000-13,156,000-27,294,000-8,615,00017,284,0004,406,00025,190,000-3,460,000-20,394,000-14,770,00037,661,0006,998,0006,187,00013,853,000
Other Short Term Loans 000000000-16,722,000-11,592,00011,221,0007,160,0009,933,000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-41,675,00095,099,00075,561,000-25,421,00038,915,0008,443,000-100,888,000-4,618,000-33,787,000-9,862,000-29,041,000-19,778,00011,233,000135,074,000
interest4,109,0002,231,0004,142,000866,000151,000-3,703,000-2,252,000-3,659,000-730,0002,476,0005,628,0002,703,000-1,359,000-2,774,000
cash flow from financing-29,948,00084,174,00052,409,000-33,170,00056,350,0009,146,000-77,950,000-11,737,000-54,911,000-38,878,0002,656,0001,144,00023,221,000156,086,000
cash and cash equivalents
cash20,278,00030,013,000250,000-44,623,00093,045,000709,000814,000434,000-154,000-1,009,0001,108,000-6,404,0004,023,0002,683,000
overdraft00000000000000
change in cash20,278,00030,013,000250,000-44,623,00093,045,000709,000814,000434,000-154,000-1,009,0001,108,000-6,404,0004,023,0002,683,000

P&L

December 2022

turnover

588.9m

+8%

operating profit

82m

+32%

gross margin

25.4%

-6.35%

turnover

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

Balance Sheet

December 2022

net assets

537.6m

+0.07%

total assets

767.9m

+0.12%

cash

101.2m

+0.25%

net assets

Total assets minus all liabilities

phinia delphi uk ltd company details

company number

03870587

Type

Private limited with Share Capital

industry

29320 - Manufacture of other parts and accessories for motor vehicles

incorporation date

November 1999

age

25

accounts

Full Accounts

ultimate parent company

BROGWAMER INC

previous names

borgwarner technologies limited (November 2023)

delphi technologies limited (April 2021)

See more

incorporated

UK

address

brunel way, stroudwater business park, stonehouse, gloucestershire, GL10 3SX

last accounts submitted

December 2022

phinia delphi uk ltd 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 phinia delphi uk ltd.

charges

phinia delphi uk ltd Companies House Filings - See Documents

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