braddell limited

3.5

braddell limited Company Information

Share BRADDELL LIMITED
Live 
MatureMegaLow

Company Number

03899736

Registered Address

comfortdelgro house, 329 edgware road, london, NW2 6JP

Industry

Repair and maintenance of other transport equipment

 

Other passenger land transport n.e.c.

 

Telephone

-

Next Accounts Due

September 2024

Group Structure

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Directors

Sean O'Shea5 Years

Koh Hean2 Years

View All

Shareholders

comfortdelgro corp ltd 100%

braddell limited Estimated Valuation

£277.9m

Pomanda estimates the enterprise value of BRADDELL LIMITED at £277.9m based on a Turnover of £447.4m and 0.62x industry multiple (adjusted for size and gross margin).

braddell limited Estimated Valuation

£120.7m

Pomanda estimates the enterprise value of BRADDELL LIMITED at £120.7m based on an EBITDA of £18.7m and a 6.47x industry multiple (adjusted for size and gross margin).

braddell limited Estimated Valuation

£624.1m

Pomanda estimates the enterprise value of BRADDELL LIMITED at £624.1m based on Net Assets of £275.7m and 2.26x industry multiple (adjusted for liquidity).

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Braddell Limited Overview

Braddell Limited is a live company located in london, NW2 6JP with a Companies House number of 03899736. It operates in the repair and maintenance of other transport equipment n.e.c. sector, SIC Code 33170. Founded in December 1999, it's largest shareholder is comfortdelgro corp ltd with a 100% stake. Braddell Limited is a mature, mega sized company, Pomanda has estimated its turnover at £447.4m with low growth in recent years.

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Braddell Limited Health Check

Pomanda's financial health check has awarded Braddell Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £447.4m, make it larger than the average company (£1.9m)

£447.4m - Braddell Limited

£1.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (3.6%)

0% - Braddell Limited

3.6% - Industry AVG

production

Production

with a gross margin of 6.6%, this company has a higher cost of product (26.2%)

6.6% - Braddell Limited

26.2% - Industry AVG

profitability

Profitability

an operating margin of -1.3% make it less profitable than the average company (5.8%)

-1.3% - Braddell Limited

5.8% - Industry AVG

employees

Employees

with 5051 employees, this is above the industry average (38)

5051 - Braddell Limited

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.6k, the company has a higher pay structure (£32k)

£49.6k - Braddell Limited

£32k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £88.6k, this is equally as efficient (£86.3k)

£88.6k - Braddell Limited

£86.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 10 days, this is earlier than average (31 days)

10 days - Braddell Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (28 days)

9 days - Braddell Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (35 days)

3 days - Braddell Limited

35 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (36 weeks)

26 weeks - Braddell Limited

36 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.5%, this is a lower level of debt than the average (55.5%)

30.5% - Braddell Limited

55.5% - Industry AVG

braddell 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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Braddell Limited Competitor Analysis

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braddell limited Ownership

BRADDELL LIMITED group structure

Braddell Limited has 4 subsidiary companies.

Ultimate parent company

COMFORTDELGRO CORP LTD

#0033774

1 parent

BRADDELL LIMITED

03899736

4 subsidiaries

BRADDELL LIMITED Shareholders

comfortdelgro corp ltd 100%

braddell limited directors

Braddell Limited currently has 5 directors. The longest serving directors include Mr Sean O'Shea (Oct 2018) and Mr Koh Hean (Jan 2022).

officercountryagestartendrole
Mr Sean O'SheaEngland57 years Oct 2018- Director
Mr Koh Hean58 years Jan 2022- Director
Mr Siak ChengUnited Kingdom54 years Feb 2022- Director
Mr Mark GreavesScotland67 years Apr 2023- Director
Mr Edward ThomasUnited Kingdom60 years Jan 2024- Director

BRADDELL LIMITED financials

EXPORTms excel logo

Braddell Limited's latest turnover from December 2022 is £447.4 million and the company has net assets of £275.7 million. According to their latest financial statements, Braddell Limited has 5,051 employees and maintains cash reserves of £43.7 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
Turnover447,381,000414,531,000386,890,000442,514,000443,902,000433,256,000438,160,000428,823,000424,585,000350,104,000280,047,000272,552,000262,981,000256,690,000
Other Income Or Grants00000000000000
Cost Of Sales417,866,000366,191,000354,032,000387,707,000384,101,000371,428,000366,982,000357,287,000357,386,000295,554,000237,198,000229,065,000218,247,000213,121,000
Gross Profit29,515,00048,340,00032,858,00054,807,00059,801,00061,828,00071,178,00071,536,00067,199,00054,550,00042,849,00043,487,00044,734,00043,569,000
Admin Expenses35,190,00043,090,00035,309,00031,410,00031,109,00028,849,00029,831,00028,710,00027,161,00029,018,00025,127,00026,409,00027,754,00027,943,000
Operating Profit-5,675,0005,250,000-2,451,00023,397,00028,692,00032,979,00041,347,00042,826,00040,038,00025,532,00017,722,00017,078,00016,980,00015,626,000
Interest Payable2,336,0002,061,0002,675,0003,266,0002,552,0002,242,000532,000943,0001,384,0004,020,0004,000,0004,868,0005,811,0005,362,000
Interest Receivable2,210,0001,264,0001,737,0002,322,0002,191,0002,176,000125,000103,00080,0002,308,0002,143,0002,495,0002,406,0002,059,000
Pre-Tax Profit14,555,0004,453,000-3,389,00022,453,00028,331,00032,913,00040,940,00041,986,00038,734,00023,820,00015,865,00014,705,00013,575,00012,323,000
Tax-618,000-5,224,000-957,000-3,826,000-5,094,000-6,022,000-7,556,000-8,156,000-7,677,000-6,025,000-3,844,000-5,338,000-5,113,000-4,353,000
Profit After Tax13,937,000-771,000-4,346,00018,627,00023,237,00026,891,00033,384,00033,830,00031,057,00017,795,00012,021,0009,367,0008,462,0007,970,000
Dividends Paid001,750,0001,050,0001,400,0001,750,00000000000
Retained Profit9,546,000-864,000-6,354,00015,417,00019,976,00026,333,00031,916,00032,480,00029,984,00016,309,00010,545,0007,506,0006,881,0006,872,000
Employee Costs250,577,000239,187,000234,342,000248,375,000245,807,000236,722,000232,340,000222,443,000213,342,000177,750,000140,539,000138,295,000137,415,000139,232,000
Number Of Employees5,0515,4355,5045,7175,8915,7275,7655,6195,5584,6563,8313,8823,9173,931
EBITDA*18,658,00030,637,00030,205,00054,906,00054,340,00055,031,00061,761,00062,365,00057,694,00046,186,00038,315,00037,899,00036,904,00034,640,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets236,338,000234,011,000248,800,000264,103,000225,817,000204,474,000173,508,000161,570,000147,247,000144,298,000125,476,000113,059,000113,725,000107,518,000
Intangible Assets84,361,00079,011,00079,082,00081,495,00081,526,00079,039,00079,018,00078,870,00078,945,00079,006,00039,130,00043,696,00048,276,00052,857,000
Investments & Other493,0003,297,000000000000000
Debtors (Due After 1 year)00526,000270,0000000000000
Total Fixed Assets320,699,000313,022,000327,356,000345,328,000307,343,000283,513,000252,526,000240,440,000226,192,000223,304,000164,606,000156,755,000162,001,000160,375,000
Stock & work in progress3,478,0002,877,0003,224,0003,351,0002,835,0002,546,0002,847,0002,821,0002,733,0002,735,0001,917,0001,978,0001,813,0001,473,000
Trade Debtors12,835,00014,096,00013,967,00017,444,00017,028,000705,00027,008,0001,213,0001,028,0008,122,0005,056,0005,016,000613,0004,855,000
Group Debtors7,008,00010,516,00010,544,0003,531,0001,436,00023,00061,00083,0006,00062,00073,000613,000547,000670,000
Misc Debtors21,070,00022,715,00018,916,00016,057,00016,859,00031,348,00012,301,00041,413,00034,576,00028,425,00021,518,00022,042,00024,644,00017,903,000
Cash43,667,00048,739,00039,705,00021,772,00021,387,00022,143,00016,764,00027,881,00016,610,00015,372,00011,145,00011,316,0003,460,00012,152,000
misc current assets000000000272,0003,268,000016,200,0000
total current assets89,668,000106,764,00088,511,00062,155,00059,545,00056,765,00058,981,00073,411,00054,953,00054,988,00042,977,00040,965,00047,277,00037,053,000
total assets410,367,000419,786,000415,867,000407,483,000366,888,000340,278,000311,507,000313,851,000281,145,000278,292,000207,583,000197,720,000209,278,000197,428,000
Bank overdraft00000000000000
Bank loan000034,000000057,500,0000022,627,0004,000,000
Trade Creditors 10,441,0008,968,0005,848,0004,320,0005,678,0004,546,0005,496,0006,469,0005,569,0004,198,0004,917,0004,582,0003,677,0004,954,000
Group/Directors Accounts000000000707,000115,000204,000294,000462,000
other short term finances00000009,502,0009,213,00000000
hp & lease commitments10,150,00014,063,00015,480,00013,539,0006,288,0003,176,00000010,370,00011,412,00012,373,00012,255,00010,426,000
other current liabilities64,167,00055,023,00054,395,00041,866,00046,045,00050,981,00063,047,00072,000,00070,967,00054,033,00039,690,00035,359,00035,943,00032,558,000
total current liabilities84,758,00078,054,00075,723,00059,725,00058,045,00058,703,00068,543,00087,971,00085,749,000126,808,00056,134,00052,518,00074,796,00052,400,000
loans51,914,00070,718,00077,890,00082,588,00040,984,00024,876,000016,168,00018,252,0002,301,0006,343,0000023,267,000
hp & lease commitments25,957,00035,359,00038,945,00041,294,00019,913,000000027,465,00037,835,00049,249,00045,645,00038,416,000
Accruals and Deferred Income00000000000000
other liabilities1,971,00002,626,00000000000000
provisions24,800,00035,062,00025,072,00021,556,00018,632,00017,132,00020,798,00023,952,00030,064,00018,249,00018,885,00018,787,00018,959,00018,922,000
total long term liabilities40,328,00052,890,00054,107,00052,072,00029,808,00021,004,00010,399,00028,144,00033,284,00054,689,00069,074,00076,108,00072,124,00093,711,000
total liabilities125,086,000130,944,000129,830,000111,797,00087,853,00079,707,00078,942,000116,115,000119,033,000181,497,000125,208,000128,626,000146,920,000146,111,000
net assets275,727,000285,379,000282,481,000290,122,000274,581,000256,578,000228,014,000194,653,000158,629,00092,635,00077,951,00066,146,00060,046,00048,136,000
total shareholders funds275,727,000285,379,000282,481,000290,122,000274,581,000256,578,000228,014,000194,653,000158,629,00092,635,00077,951,00066,146,00060,046,00048,136,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-5,675,0005,250,000-2,451,00023,397,00028,692,00032,979,00041,347,00042,826,00040,038,00025,532,00017,722,00017,078,00016,980,00015,626,000
Depreciation24,333,00025,387,00032,656,00031,509,00025,648,00022,052,00020,414,00019,492,00017,630,00015,033,00016,038,00016,257,00015,360,00014,449,000
Amortisation000000047,00026,0005,621,0004,555,0004,564,0004,564,0004,565,000
Tax-618,000-5,224,000-957,000-3,826,000-5,094,000-6,022,000-7,556,000-8,156,000-7,677,000-6,025,000-3,844,000-5,338,000-5,113,000-4,353,000
Stock601,000-347,000-127,000516,000289,000-301,00026,00088,000-2,000818,000-61,000165,000340,0001,473,000
Debtors-6,414,0003,374,0006,651,0001,979,0003,247,000-7,294,000-3,339,0007,099,000-999,0009,962,000-1,024,0001,867,0002,376,00023,428,000
Creditors1,473,0003,120,0001,528,000-1,358,0001,132,000-950,000-973,000900,0001,371,000-719,000335,000905,000-1,277,0004,954,000
Accruals and Deferred Income9,144,000628,00012,529,000-4,179,000-4,936,000-12,066,000-8,953,0001,033,00016,934,00014,343,0004,331,000-584,0003,385,00032,558,000
Deferred Taxes & Provisions-10,262,0009,990,0003,516,0002,924,0001,500,000-3,666,000-3,154,000-6,112,00011,815,000-636,00098,000-172,00037,00018,922,000
Cash flow from operations24,208,00036,124,00040,297,00045,972,00043,406,00039,922,00044,438,00042,843,00081,138,00042,369,00040,320,00030,678,00031,220,00061,820,000
Investing Activities
capital expenditure-32,010,000-10,527,000-14,940,000-69,764,000-49,478,000-53,039,000-32,500,000-33,787,000-20,544,000-79,352,000-28,444,000-15,575,000-21,550,000-179,389,000
Change in Investments-2,804,0003,297,000000000000000
cash flow from investments-29,206,000-13,824,000-14,940,000-69,764,000-49,478,000-53,039,000-32,500,000-33,787,000-20,544,000-79,352,000-28,444,000-15,575,000-21,550,000-179,389,000
Financing Activities
Bank loans000-34,00034,000000-57,500,00057,500,0000-22,627,00018,627,0004,000,000
Group/Directors Accounts00000000-707,000592,000-89,000-90,000-168,000462,000
Other Short Term Loans 000000-9,502,000289,0009,213,00000000
Long term loans-18,804,000-7,172,000-4,698,00041,604,00016,108,00024,876,000-16,168,000-2,084,00015,951,000-4,042,0006,343,0000-23,267,00023,267,000
Hire Purchase and Lease Commitments-13,315,000-5,003,000-408,00028,632,00023,025,0003,176,00000-37,835,000-11,412,000-12,375,0003,722,0009,058,00048,842,000
other long term liabilities1,971,000-2,626,0002,626,00000000000000
share issue-19,198,0003,762,000-1,287,000124,000-1,973,0002,231,0001,445,0003,544,00036,010,000-1,625,0001,260,000-1,406,0005,029,00041,264,000
interest-126,000-797,000-938,000-944,000-361,000-66,000-407,000-840,000-1,304,000-1,712,000-1,857,000-2,373,000-3,405,000-3,303,000
cash flow from financing-49,472,000-11,836,000-4,705,00069,382,00036,833,00030,217,000-24,632,000909,000-36,172,00039,301,000-6,718,000-22,774,0005,874,000114,532,000
cash and cash equivalents
cash-5,072,0009,034,00017,933,000385,000-756,0005,379,000-11,117,00011,271,0001,238,0004,227,000-171,0007,856,000-8,692,00012,152,000
overdraft00000000000000
change in cash-5,072,0009,034,00017,933,000385,000-756,0005,379,000-11,117,00011,271,0001,238,0004,227,000-171,0007,856,000-8,692,00012,152,000

P&L

December 2022

turnover

447.4m

+8%

operating profit

-5.7m

-208%

gross margin

6.6%

-43.43%

turnover

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

Balance Sheet

December 2022

net assets

275.7m

-0.03%

total assets

410.4m

-0.02%

cash

43.7m

-0.1%

net assets

Total assets minus all liabilities

braddell limited company details

company number

03899736

Type

Private limited with Share Capital

industry

33170 - Repair and maintenance of other transport equipment

49390 - Other passenger land transport n.e.c.

incorporation date

December 1999

age

25

accounts

Group

ultimate parent company

COMFORTDELGRO CORP LTD

previous names

braddell plc (September 2007)

capitalindex public limited company (February 2000)

incorporated

UK

address

comfortdelgro house, 329 edgware road, london, NW2 6JP

last accounts submitted

December 2022

braddell 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 1 charges/mortgages relating to braddell limited. Currently there are 0 open charges and 1 have been satisfied in the past.

charges

braddell limited Companies House Filings - See Documents

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