the reflex group limited

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the reflex group limited Company Information

Share THE REFLEX GROUP LIMITED

Company Number

04341532

Shareholders

ian george kendall

catherine kendall

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Group Structure

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Industry

Activities of head offices

 +2

Registered Address

vision house, hamilton way, mansfield, nottinghamshire, NG18 5BU

the reflex group limited Estimated Valuation

£461.4m

Pomanda estimates the enterprise value of THE REFLEX GROUP LIMITED at £461.4m based on a Turnover of £178.2m and 2.59x industry multiple (adjusted for size and gross margin).

the reflex group limited Estimated Valuation

£168.9m

Pomanda estimates the enterprise value of THE REFLEX GROUP LIMITED at £168.9m based on an EBITDA of £21m and a 8.05x industry multiple (adjusted for size and gross margin).

the reflex group limited Estimated Valuation

£80m

Pomanda estimates the enterprise value of THE REFLEX GROUP LIMITED at £80m based on Net Assets of £45.7m and 1.75x industry multiple (adjusted for liquidity).

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The Reflex Group Limited Overview

The Reflex Group Limited is a live company located in nottinghamshire, NG18 5BU with a Companies House number of 04341532. It operates in the manufacture of printed labels sector, SIC Code 18121. Founded in December 2001, it's largest shareholder is ian george kendall with a 66.5% stake. The Reflex Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £178.2m with healthy growth in recent years.

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The Reflex Group Limited Health Check

Pomanda's financial health check has awarded The Reflex Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £178.2m, make it larger than the average company (£12.8m)

£178.2m - The Reflex Group Limited

£12.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.6%)

13% - The Reflex Group Limited

5.6% - Industry AVG

production

Production

with a gross margin of 28.9%, this company has a higher cost of product (44.7%)

28.9% - The Reflex Group Limited

44.7% - Industry AVG

profitability

Profitability

an operating margin of 6.7% make it less profitable than the average company (12.7%)

6.7% - The Reflex Group Limited

12.7% - Industry AVG

employees

Employees

with 966 employees, this is above the industry average (68)

966 - The Reflex Group Limited

68 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.5k, the company has an equivalent pay structure (£40.5k)

£37.5k - The Reflex Group Limited

£40.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £184.5k, this is equally as efficient (£179k)

£184.5k - The Reflex Group Limited

£179k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is later than average (46 days)

71 days - The Reflex Group Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 83 days, this is slower than average (48 days)

83 days - The Reflex Group Limited

48 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 47 days, this is in line with average (51 days)

47 days - The Reflex Group Limited

51 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 (10 weeks)

5 weeks - The Reflex Group Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.5%, this is a similar level of debt than the average (59%)

63.5% - The Reflex Group Limited

59% - Industry AVG

THE REFLEX GROUP LIMITED financials

EXPORTms excel logo

The Reflex Group Limited's latest turnover from February 2024 is £178.2 million and the company has net assets of £45.7 million. According to their latest financial statements, The Reflex Group Limited has 966 employees and maintains cash reserves of £6.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover178,183,000172,362,000136,241,000123,292,000114,171,000105,269,00086,112,00075,442,00067,321,00058,343,00051,996,00048,495,00039,344,00032,544,00024,578,000
Other Income Or Grants
Cost Of Sales126,729,000127,986,00097,650,00087,829,00083,755,00078,690,00064,198,00054,867,00047,030,00041,970,00037,989,00035,748,00030,260,00024,763,00018,413,000
Gross Profit51,454,00044,376,00038,591,00035,463,00030,416,00026,579,00021,914,00020,575,00020,291,00016,373,00014,007,00012,747,0009,084,0007,781,0006,165,000
Admin Expenses39,613,00035,497,00027,804,00027,244,00028,604,00023,561,00017,958,00015,373,00013,351,00011,327,00010,722,0008,957,0007,475,0005,556,0004,492,000
Operating Profit11,841,0008,879,00010,787,0008,219,0001,812,0003,018,0003,956,0005,202,0006,940,0005,046,0003,285,0003,790,0001,609,0002,225,0001,673,000
Interest Payable2,769,0001,636,000823,000956,0001,211,0001,018,000646,000710,000586,000871,000685,000557,000447,000401,000258,000
Interest Receivable31,00099,0004,00054,000
Pre-Tax Profit9,147,0007,662,00012,207,0007,105,0001,383,0002,004,0003,499,0004,453,0006,243,0004,183,0002,600,0002,790,0001,355,0002,038,0001,415,000
Tax-3,297,000-867,000-3,547,000-1,782,000-297,000-418,000-365,000-628,000-945,000-871,000-533,000-860,000-330,000-666,000-451,000
Profit After Tax5,850,0006,795,0008,660,0005,323,0001,086,0001,586,0003,134,0003,825,0005,298,0003,312,0002,067,0001,930,0001,025,0001,372,000964,000
Dividends Paid1,000,0001,000,0001,000,000400,000150,000174,000424,0001,416,0004,00030,000130,000160,000150,000150,000
Retained Profit4,614,0005,677,0007,546,0004,830,000836,0001,412,0002,658,0002,362,0005,294,0003,282,0001,931,0001,760,0001,001,0001,222,000814,000
Employee Costs36,252,00033,811,00027,575,00026,319,00026,012,00024,992,00018,310,00015,717,00014,493,00012,785,00011,103,00010,046,0007,979,0006,301,0004,917,000
Number Of Employees966959931814839867630520480392391133286236176
EBITDA*20,984,00016,598,00017,200,00015,122,0008,282,0008,078,0008,344,0005,202,0006,940,0005,046,0005,400,0005,536,0003,100,0003,402,0002,587,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets54,542,00052,035,00044,280,00041,711,00041,480,00045,449,00036,152,00027,526,00022,870,00018,037,00016,222,00013,573,00010,478,00010,329,0009,504,000
Intangible Assets8,335,0009,760,0006,335,0007,033,0008,136,0009,240,0006,418,0005,054,0006,545,0003,066,0003,311,0003,586,0004,018,0003,565,0002,312,000
Investments & Other127,000479,000507,000513,000503,000479,000479,000
Debtors (Due After 1 year)18,00035,000157,000177,000406,0001,018,0001,631,000
Total Fixed Assets62,877,00061,795,00050,633,00048,779,00049,773,00054,866,00042,697,00032,986,00030,433,00023,213,00020,040,00017,672,00014,999,00014,373,00012,295,000
Stock & work in progress16,618,00019,668,00017,130,00010,458,0009,324,0009,503,0007,880,0005,334,0004,656,0004,402,0003,855,0003,619,0003,230,0002,515,0002,102,000
Trade Debtors34,943,00034,126,00033,054,00025,337,00022,559,00024,930,00023,806,00017,256,00016,037,00015,386,00013,343,00012,742,0009,953,0007,817,0005,945,000
Group Debtors52,000158,000
Misc Debtors5,928,0003,377,0003,421,0001,727,0002,210,0002,227,0002,365,0002,682,0001,700,0001,505,0002,560,0002,479,0002,301,000256,000104,000
Cash6,379,0004,219,0003,886,0001,051,0001,676,0002,0003,260,0001,093,0001,734,000679,000287,000299,00088,00066,000420,000
misc current assets1,055,000
total current assets63,868,00061,390,00057,491,00038,573,00036,824,00036,662,00037,311,00026,417,00024,127,00021,972,00020,045,00019,139,00015,572,00010,812,0008,571,000
total assets126,745,000123,185,000108,124,00087,352,00086,597,00091,528,00080,008,00059,403,00054,560,00045,185,00040,085,00036,811,00030,571,00025,185,00020,866,000
Bank overdraft7,521,000
Bank loan1,895,0002,718,0003,120,0003,106,000747,000711,0006,811,000490,000490,000490,000833,000547,000303,000301,000554,000
Trade Creditors 28,899,00032,202,00027,812,00021,293,00020,693,00022,100,00017,686,00015,354,00012,595,00011,855,0008,988,00010,067,0009,599,0005,142,0004,771,000
Group/Directors Accounts459,000440,000227,000260,000106,00043,00046,00021,000
other short term finances17,867,00016,611,00013,813,0006,411,00015,976,00017,051,00014,800,0007,239,0008,955,000140,0004,021,000
hp & lease commitments3,452,0002,806,0001,796,0001,282,0004,453,0004,908,0003,628,0002,341,0001,869,0001,617,0001,174,0001,044,000650,000964,000736,000
other current liabilities8,602,0007,338,0008,402,0009,733,0005,564,0005,283,0004,510,0006,369,0003,814,0002,941,00012,472,00011,291,0008,660,0007,811,0001,631,000
total current liabilities61,174,00062,115,00055,170,00042,085,00047,539,00050,096,00047,481,00031,814,00027,723,00024,564,00023,467,00022,949,00019,212,00014,218,00011,713,000
loans4,312,0006,206,0007,983,00011,366,0004,678,0005,425,0003,348,0003,838,0004,328,0003,540,0002,940,0002,256,0002,557,0002,272,000
hp & lease commitments7,065,0006,840,0003,321,0001,236,0007,321,00010,173,0008,295,0004,390,0004,284,0003,342,0002,255,0002,151,0001,009,0001,097,0001,210,000
Accruals and Deferred Income1,000,000200,0001,350,00023,000105,000
other liabilities180,000
provisions7,923,0006,495,0006,098,0001,966,0001,662,0001,956,0001,735,0001,236,0001,359,000681,000570,000554,000608,000735,000495,000
total long term liabilities19,300,00019,541,00017,402,00014,568,00013,661,00017,554,00011,030,0009,174,00010,831,0008,374,0006,470,0005,645,0003,873,0004,569,0003,977,000
total liabilities80,474,00081,656,00072,572,00056,653,00061,200,00067,650,00058,511,00040,988,00038,554,00032,938,00029,937,00028,594,00023,085,00018,787,00015,690,000
net assets45,670,00041,104,00035,205,00030,426,00025,177,00023,734,00021,395,00018,341,00015,939,00012,239,00010,148,0008,217,0007,486,0006,398,0005,176,000
total shareholders funds45,670,00041,104,00035,205,00030,426,00025,177,00023,734,00021,395,00018,341,00015,939,00012,239,00010,148,0008,217,0007,486,0006,398,0005,176,000
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit11,841,0008,879,00010,787,0008,219,0001,812,0003,018,0003,956,0005,202,0006,940,0005,046,0003,285,0003,790,0001,609,0002,225,0001,673,000
Depreciation7,514,0006,236,0005,319,0005,800,0005,360,0004,676,0003,794,0001,866,0001,444,0001,168,000989,000798,000
Amortisation1,629,0001,483,0001,094,0001,103,0001,110,000384,000594,000249,000302,000323,000188,000116,000
Tax-3,297,000-867,000-3,547,000-1,782,000-297,000-418,000-365,000-628,000-945,000-871,000-533,000-860,000-330,000-666,000-451,000
Stock-3,050,0002,538,0006,672,0001,134,000-179,0001,623,0002,546,000678,000254,000547,000236,000389,000715,000413,0002,102,000
Debtors3,368,0001,010,0009,394,0002,173,000-2,408,0001,163,0005,775,0001,641,000233,0002,619,000682,0002,967,0004,023,0002,182,0006,049,000
Creditors-3,303,0004,390,0006,519,000600,000-1,407,0004,414,0002,332,0002,759,000740,0002,867,000-1,079,000468,0004,457,000371,0004,771,000
Accruals and Deferred Income1,264,000-1,064,000-1,331,0004,169,000281,000-227,000-1,059,0001,405,0002,200,000-9,613,0001,286,0002,631,000849,0006,180,0001,631,000
Deferred Taxes & Provisions1,428,000397,0004,132,000304,000-294,000221,000499,000-123,000678,000111,00016,000-54,000-127,000240,000495,000
Cash flow from operations16,758,00015,906,0006,907,00015,106,0009,152,0009,282,0001,430,0006,296,0009,126,000-5,626,0004,172,0004,365,0003,211,0006,932,000882,000
Investing Activities
capital expenditure-5,690,000-6,331,000-8,625,000-2,703,000-969,000-656,000-597,000-1,088,000
Change in Investments-127,000127,000-479,000-28,000-6,00010,00024,000479,000
cash flow from investments127,000-5,817,000-6,331,000-8,146,00028,000-2,697,000-979,000-680,000-597,000-1,567,000
Financing Activities
Bank loans-823,000-402,00014,0002,359,00036,000-6,100,0006,321,000-343,000286,000244,0002,000-253,000554,000
Group/Directors Accounts19,000213,000-33,000154,00063,000-3,00025,00021,000
Other Short Term Loans 1,256,0002,798,0007,402,000-9,565,000-1,075,0002,251,0007,561,000-1,716,0008,815,000140,000-4,021,0004,021,000
Long term loans-1,894,000-1,777,000-3,383,0006,688,000-747,0005,425,000-3,348,000-490,000-490,000788,000600,000684,000-301,000285,0002,272,000
Hire Purchase and Lease Commitments871,0004,529,0002,599,000-9,256,000-3,307,0003,158,0005,192,000578,0001,194,0001,530,000234,0001,536,000-402,000115,0001,946,000
other long term liabilities-180,000180,000
share issue-48,000222,000-2,767,000419,000607,000927,000396,00040,000-1,594,000-1,191,000-1,029,00087,0004,362,000
interest-2,738,000-1,636,000-823,000-956,000-1,112,000-1,014,000-592,000-710,000-586,000-871,000-685,000-557,000-447,000-401,000-258,000
cash flow from financing-3,357,0003,947,0003,009,000-10,157,000-5,535,0004,644,00015,555,000-2,277,0007,339,00053,000435,000878,000-1,241,000-4,095,00012,897,000
cash and cash equivalents
cash2,160,000333,0002,835,000-625,0001,674,000-3,258,0002,167,000-641,0001,055,000392,000-12,000211,00022,000-354,000420,000
overdraft-7,521,0007,521,000
change in cash2,160,000333,0002,835,000-625,0001,674,000-3,258,0002,167,000-641,0008,576,000-7,129,000-12,000211,00022,000-354,000420,000

the reflex group 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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The Reflex Group Limited Competitor Analysis

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Perform a competitor analysis for the reflex group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NG18 area or any other competitors across 12 key performance metrics.

the reflex group limited Ownership

THE REFLEX GROUP LIMITED Shareholders

ian george kendall 66.49%
catherine kendall 16.62%
the turner lifetime settlement 2022 12%
john michael turner 4.88%

the reflex group limited directors

The Reflex Group Limited currently has 4 directors. The longest serving directors include Mr Ian Kendall (Aug 2002) and Mrs Catherine Kendall (Jul 2011).

officercountryagestartendrole
Mr Ian KendallEngland60 years Aug 2002- Director
Mrs Catherine Kendall58 years Jul 2011- Director
Mr Gary TomlinEngland54 years Jan 2020- Director
Mr Stephen Sinclair68 years Apr 2024- Director

P&L

February 2024

turnover

178.2m

+3%

operating profit

11.8m

+33%

gross margin

28.9%

+12.16%

turnover

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

Balance Sheet

February 2024

net assets

45.7m

+0.11%

total assets

126.7m

+0.03%

cash

6.4m

+0.51%

net assets

Total assets minus all liabilities

the reflex group limited company details

company number

04341532

Type

Private limited with Share Capital

industry

18121 - Manufacture of printed labels

70100 - Activities of head offices

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

December 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

February 2024

previous names

willoughby (375) limited (July 2002)

accountant

-

auditor

FORVIS MAZARS LLP

address

vision house, hamilton way, mansfield, nottinghamshire, NG18 5BU

Bank

HSBC BANK PLC, HSBC BANK PLC

Legal Advisor

-

the reflex group 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 40 charges/mortgages relating to the reflex group limited. Currently there are 5 open charges and 35 have been satisfied in the past.

the reflex group 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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the reflex group limited Companies House Filings - See Documents

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