britchem limited

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britchem limited Company Information

Share BRITCHEM LIMITED

Company Number

04465919

Shareholders

hodgson sealants group ltd

hodgson sealnts group ltd

Group Structure

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Industry

Manufacture of glues

 

Registered Address

c/o hodgson sealants, belprin road, beverley, east yorkshire, HU17 0LN

britchem limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of BRITCHEM LIMITED at £4.6m based on a Turnover of £6.5m and 0.71x industry multiple (adjusted for size and gross margin).

britchem limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of BRITCHEM LIMITED at £1m based on an EBITDA of £200.9k and a 5.03x industry multiple (adjusted for size and gross margin).

britchem limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of BRITCHEM LIMITED at £3m based on Net Assets of £1.4m and 2.2x industry multiple (adjusted for liquidity).

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Britchem Limited Overview

Britchem Limited is a live company located in beverley, HU17 0LN with a Companies House number of 04465919. It operates in the manufacture of glues sector, SIC Code 20520. Founded in June 2002, it's largest shareholder is hodgson sealants group ltd with a 100% stake. Britchem Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.5m with low growth in recent years.

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Britchem Limited Health Check

Pomanda's financial health check has awarded Britchem Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

8 Weak

size

Size

annual sales of £6.5m, make it smaller than the average company (£24.1m)

£6.5m - Britchem Limited

£24.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.1%)

4% - Britchem Limited

7.1% - Industry AVG

production

Production

with a gross margin of 32.5%, this company has a comparable cost of product (32.5%)

32.5% - Britchem Limited

32.5% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (6%)

0.9% - Britchem Limited

6% - Industry AVG

employees

Employees

with 41 employees, this is below the industry average (98)

41 - Britchem Limited

98 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.7k, the company has an equivalent pay structure (£51.7k)

£51.7k - Britchem Limited

£51.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £159.1k, this is less efficient (£223.1k)

£159.1k - Britchem Limited

£223.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is later than average (56 days)

71 days - Britchem Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 78 days, this is slower than average (50 days)

78 days - Britchem Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 95 days, this is in line with average (100 days)

95 days - Britchem Limited

100 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)

2 weeks - Britchem Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 65.9%, this is a higher level of debt than the average (51.4%)

65.9% - Britchem Limited

51.4% - Industry AVG

BRITCHEM LIMITED financials

EXPORTms excel logo

Britchem Limited's latest turnover from March 2024 is estimated at £6.5 million and the company has net assets of £1.4 million. According to their latest financial statements, Britchem Limited has 41 employees and maintains cash reserves of £99.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,523,4276,809,7125,867,9735,500,6054,595,5384,117,4274,586,2443,721,8313,564,9462,498,1562,489,5183,038,3302,911,6652,447,764
Other Income Or Grants
Cost Of Sales4,402,2824,703,0063,891,5183,787,9273,164,6632,932,6573,206,3422,641,0422,506,6431,752,9631,835,1702,276,4132,157,3511,752,178
Gross Profit2,121,1452,106,7061,976,4551,712,6781,430,8751,184,7701,379,9011,080,7891,058,303745,193654,349761,916754,314695,586
Admin Expenses2,059,828356,7401,442,6461,588,1481,248,1271,182,9431,177,812748,888691,158596,738654,071762,007754,715699,624-6,225
Operating Profit61,3171,749,966533,809124,530182,7481,827202,089331,901367,145148,455278-91-401-4,0386,225
Interest Payable91,72231,0595,270
Interest Receivable4,1741,2645031311692001135556112726
Pre-Tax Profit-26,2311,720,172529,042124,660182,9172,027202,202332,435368,016148,510334-90-400-4,0116,251
Tax-326,833-100,518-23,685-34,754-385-38,418-66,878-74,228-31,187-77-1,750
Profit After Tax-26,2311,393,339428,524100,975148,1631,642163,784265,557293,788117,323257-90-400-4,0114,501
Dividends Paid
Retained Profit-26,2311,393,339428,524100,975148,1631,642163,784265,557293,788117,323257-90-400-4,0114,501
Employee Costs2,118,2242,122,9441,879,6481,509,4411,276,625588,477812,227434,327722,946486,238479,941675,046591,545451,144
Number Of Employees4141403628131714171213161413
EBITDA*200,8611,900,296618,134181,925258,76075,185202,089368,077401,520182,67733,98833,26932,27729,26928,304

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets768,063711,460710,850513,567535,011449,295330,831349,887295,54498,503123,845134,595163,191170,126189,880
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets768,063711,460710,850513,567535,011449,295330,831349,887295,54498,503123,845134,595163,191170,126189,880
Stock & work in progress1,152,8951,179,1681,025,254676,943630,496588,867580,197338,324306,917263,607239,742255,817247,365216,100
Trade Debtors1,272,0441,455,1591,169,9141,013,577904,915846,435842,7061,173,232720,209583,041472,412483,084526,828508,885444,664
Group Debtors657,023559,610
Misc Debtors90,91534,74561,838
Cash99,50459,499177,844224,65937,0917,96645,35036,0168222,06014520535310,463
misc current assets16,21913,383
total current assets3,272,3813,288,1812,434,8501,915,1791,572,5021,459,4871,468,2531,186,6151,094,549890,040758,079722,971782,850756,603671,227
total assets4,040,4443,999,6413,145,7002,428,7462,107,5131,908,7821,799,0841,536,5021,390,093988,543881,924857,566946,041926,729861,107
Bank overdraft
Bank loan
Trade Creditors 942,3771,347,4851,007,4501,274,2081,075,837945,051937,488776,516963,384793,820795,405777,585844,681821,317734,989
Group/Directors Accounts143,263
other short term finances1,024,587606,020168,648
hp & lease commitments39,85773,783108,596
other current liabilities232,297257,709156,027
total current liabilities2,382,3812,284,9971,440,7211,274,2081,075,837945,051937,488776,516963,384793,820795,405777,585844,681821,317734,989
loans
hp & lease commitments51,48991,336189,865
Accruals and Deferred Income49,08861,29921,49525,342
other liabilities8,273118,62188,260163,611102,210148,07310,2175,02410,0472,80216,69519,79934,999
provisions180,371158,663131,01788,61797,09180,46362,86663,84252,32012,11516,21117,17524,57325,12126,616
total long term liabilities280,948311,298329,155207,238185,351265,569165,076237,25762,53717,13926,25819,97741,26844,92061,615
total liabilities2,663,3292,596,2951,769,8761,481,4461,261,1881,210,6201,102,5641,013,7731,025,921810,959821,663797,562885,949866,237796,604
net assets1,377,1151,403,3461,375,824947,300846,325698,162696,520522,729364,172177,58460,26160,00460,09260,49264,503
total shareholders funds1,377,1151,403,3461,375,824947,300846,325698,162696,520522,729364,172177,58460,26160,00460,09260,49264,503
Mar 2024Mar 2023Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit61,3171,749,966533,809124,530182,7481,827202,089331,901367,145148,455278-91-401-4,0386,225
Depreciation139,544150,33084,32557,39576,01273,35836,17634,37534,22233,71033,36032,67833,30722,079
Amortisation
Tax-326,833-100,518-23,685-34,754-385-38,418-66,878-74,228-31,187-77-1,750
Stock-26,2731,179,168348,31146,44741,6298,670580,197-338,32431,40743,31023,865-16,0758,45231,265216,100
Debtors-29,5322,049,514218,175108,66258,4803,729-330,526453,023137,168110,629-10,672-43,74417,94364,221444,664
Creditors-405,1081,347,485-266,758198,371130,7867,563160,972-186,868169,564-1,58517,820-67,09623,36486,328734,989
Accruals and Deferred Income-37,623319,008156,027-21,49521,495-25,34225,342
Deferred Taxes & Provisions21,708158,66342,400-8,47416,62817,597-97611,52240,205-4,096-964-7,398-548-1,49526,616
Cash flow from operations-164,357169,937-117,201193,028249,816109,05648,65436,496368,486-8,13037,57418,59428,69818,616127,395
Investing Activities
capital expenditure-196,147-861,790-281,608-35,951-161,728-191,82219,056-90,519-231,416-8,880-22,960-4,764-25,743-13,553-211,959
Change in Investments
cash flow from investments-196,147-861,790-281,608-35,951-161,728-191,82219,056-90,519-231,416-8,880-22,960-4,764-25,743-13,553-211,959
Financing Activities
Bank loans
Group/Directors Accounts143,263
Other Short Term Loans 418,567606,020168,648
Long term loans
Hire Purchase and Lease Commitments-73,773165,119298,461
other long term liabilities-110,34830,361-75,35161,401-45,863137,8565,193-5,0237,245-13,893-3,104-15,20034,999
share issue10,00710,007-107,000-107,200260,002
interest-87,548-29,795-4,7671311692001135556112726
cash flow from financing400,509751,351351,99430,492-75,18261,601-35,74330,856-102,007-4,9687,301-13,890-3,103-15,17395,027
cash and cash equivalents
cash40,00559,499-46,815187,56829,125-37,38445,350-36,01635,934-21,97821,915-60-148-10,11010,463
overdraft
change in cash40,00559,499-46,815187,56829,125-37,38445,350-36,01635,934-21,97821,915-60-148-10,11010,463

britchem 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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Britchem Limited Competitor Analysis

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Perform a competitor analysis for britchem limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in HU17 area or any other competitors across 12 key performance metrics.

britchem limited Ownership

BRITCHEM LIMITED group structure

Britchem Limited has no subsidiary companies.

Ultimate parent company

BRITCHEM LIMITED

04465919

BRITCHEM LIMITED Shareholders

hodgson sealants group ltd 99.98%
hodgson sealnts group ltd 0.02%

britchem limited directors

Britchem Limited currently has 5 directors. The longest serving directors include Mr Charles Hodgson (Apr 2022) and Mr Charles Hodgson (Apr 2022).

officercountryagestartendrole
Mr Charles HodgsonEngland65 years Apr 2022- Director
Mr Charles HodgsonEngland65 years Apr 2022- Director
Mr Richard HodgsonUnited Kingdom67 years Apr 2022- Director
Mr Richard HodgsonEngland67 years Apr 2022- Director
Mrs Danielle HoughtonEngland44 years May 2022- Director

P&L

March 2024

turnover

6.5m

-4%

operating profit

61.3k

0%

gross margin

32.6%

+5.1%

turnover

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

Balance Sheet

March 2024

net assets

1.4m

-0.02%

total assets

4m

+0.01%

cash

99.5k

+0.67%

net assets

Total assets minus all liabilities

britchem limited company details

company number

04465919

Type

Private limited with Share Capital

industry

20520 - Manufacture of glues

incorporation date

June 2002

age

23

incorporated

UK

ultimate parent company

None

accounts

Small Company

last accounts submitted

March 2024

previous names

N/A

accountant

BROWN BUTLER

auditor

-

address

c/o hodgson sealants, belprin road, beverley, east yorkshire, HU17 0LN

Bank

-

Legal Advisor

-

britchem 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 4 charges/mortgages relating to britchem limited. Currently there are 3 open charges and 1 have been satisfied in the past.

britchem 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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britchem limited Companies House Filings - See Documents

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