britchem limited Company Information
Company Number
04465919
Next Accounts
Dec 2025
Shareholders
hodgson sealants group ltd
hodgson sealnts group ltd
Group Structure
View All
Industry
Manufacture of glues
Registered Address
c/o hodgson sealants, belprin road, beverley, east yorkshire, HU17 0LN
Website
www.britchem.co.ukbritchem limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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


1 Strong

3 Regular

8 Weak

Size
annual sales of £6.5m, make it smaller than the average company (£24.1m)
- Britchem Limited
£24.1m - Industry AVG

Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.1%)
- Britchem Limited
7.1% - Industry AVG

Production
with a gross margin of 32.5%, this company has a comparable cost of product (32.5%)
- Britchem Limited
32.5% - Industry AVG

Profitability
an operating margin of 0.9% make it less profitable than the average company (6%)
- Britchem Limited
6% - Industry AVG

Employees
with 41 employees, this is below the industry average (98)
41 - Britchem Limited
98 - Industry AVG

Pay Structure
on an average salary of £51.7k, the company has an equivalent pay structure (£51.7k)
- Britchem Limited
£51.7k - Industry AVG

Efficiency
resulting in sales per employee of £159.1k, this is less efficient (£223.1k)
- Britchem Limited
£223.1k - Industry AVG

Debtor Days
it gets paid by customers after 71 days, this is later than average (56 days)
- Britchem Limited
56 days - Industry AVG

Creditor Days
its suppliers are paid after 78 days, this is slower than average (50 days)
- Britchem Limited
50 days - Industry AVG

Stock Days
it holds stock equivalent to 95 days, this is in line with average (100 days)
- Britchem Limited
100 days - Industry AVG

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

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

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 House, Pomanda Estimates
Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 3,721,831 | 3,564,946 | |||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | 332,435 | 368,016 | |||||||||||||
Tax | -66,878 | -74,228 | |||||||||||||
Profit After Tax | 265,557 | 293,788 | |||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | 265,557 | 293,788 | |||||||||||||
Employee Costs | 434,327 | ||||||||||||||
Number Of Employees | 41 | 41 | 40 | 36 | 28 | 13 | |||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 768,063 | 711,460 | 710,850 | 513,567 | 535,011 | 449,295 | 330,831 | 349,887 | 295,544 | 98,503 | 123,845 | 134,595 | 163,191 | 170,126 | 189,880 |
Intangible Assets | |||||||||||||||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 768,063 | 711,460 | 710,850 | 513,567 | 535,011 | 449,295 | 330,831 | 349,887 | 295,544 | 98,503 | 123,845 | 134,595 | 163,191 | 170,126 | 189,880 |
Stock & work in progress | 1,152,895 | 1,179,168 | 1,025,254 | 676,943 | 630,496 | 588,867 | 580,197 | 338,324 | 306,917 | 263,607 | 239,742 | 255,817 | 247,365 | 216,100 | |
Trade Debtors | 1,272,044 | 1,455,159 | 1,169,914 | 1,013,577 | 904,915 | 846,435 | 842,706 | 1,173,232 | 720,209 | 583,041 | 472,412 | 483,084 | 526,828 | 508,885 | 444,664 |
Group Debtors | 657,023 | 559,610 | |||||||||||||
Misc Debtors | 90,915 | 34,745 | 61,838 | ||||||||||||
Cash | 99,504 | 59,499 | 177,844 | 224,659 | 37,091 | 7,966 | 45,350 | 36,016 | 82 | 22,060 | 145 | 205 | 353 | 10,463 | |
misc current assets | 16,219 | 13,383 | |||||||||||||
total current assets | 3,272,381 | 3,288,181 | 2,434,850 | 1,915,179 | 1,572,502 | 1,459,487 | 1,468,253 | 1,186,615 | 1,094,549 | 890,040 | 758,079 | 722,971 | 782,850 | 756,603 | 671,227 |
total assets | 4,040,444 | 3,999,641 | 3,145,700 | 2,428,746 | 2,107,513 | 1,908,782 | 1,799,084 | 1,536,502 | 1,390,093 | 988,543 | 881,924 | 857,566 | 946,041 | 926,729 | 861,107 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 942,377 | 1,347,485 | 1,007,450 | 1,274,208 | 1,075,837 | 945,051 | 937,488 | 776,516 | 963,384 | 793,820 | 795,405 | 777,585 | 844,681 | 821,317 | 734,989 |
Group/Directors Accounts | 143,263 | ||||||||||||||
other short term finances | 1,024,587 | 606,020 | 168,648 | ||||||||||||
hp & lease commitments | 39,857 | 73,783 | 108,596 | ||||||||||||
other current liabilities | 232,297 | 257,709 | 156,027 | ||||||||||||
total current liabilities | 2,382,381 | 2,284,997 | 1,440,721 | 1,274,208 | 1,075,837 | 945,051 | 937,488 | 776,516 | 963,384 | 793,820 | 795,405 | 777,585 | 844,681 | 821,317 | 734,989 |
loans | |||||||||||||||
hp & lease commitments | 51,489 | 91,336 | 189,865 | ||||||||||||
Accruals and Deferred Income | 49,088 | 61,299 | 21,495 | 25,342 | |||||||||||
other liabilities | 8,273 | 118,621 | 88,260 | 163,611 | 102,210 | 148,073 | 10,217 | 5,024 | 10,047 | 2,802 | 16,695 | 19,799 | 34,999 | ||
provisions | 180,371 | 158,663 | 131,017 | 88,617 | 97,091 | 80,463 | 62,866 | 63,842 | 52,320 | 12,115 | 16,211 | 17,175 | 24,573 | 25,121 | 26,616 |
total long term liabilities | 280,948 | 311,298 | 329,155 | 207,238 | 185,351 | 265,569 | 165,076 | 237,257 | 62,537 | 17,139 | 26,258 | 19,977 | 41,268 | 44,920 | 61,615 |
total liabilities | 2,663,329 | 2,596,295 | 1,769,876 | 1,481,446 | 1,261,188 | 1,210,620 | 1,102,564 | 1,013,773 | 1,025,921 | 810,959 | 821,663 | 797,562 | 885,949 | 866,237 | 796,604 |
net assets | 1,377,115 | 1,403,346 | 1,375,824 | 947,300 | 846,325 | 698,162 | 696,520 | 522,729 | 364,172 | 177,584 | 60,261 | 60,004 | 60,092 | 60,492 | 64,503 |
total shareholders funds | 1,377,115 | 1,403,346 | 1,375,824 | 947,300 | 846,325 | 698,162 | 696,520 | 522,729 | 364,172 | 177,584 | 60,261 | 60,004 | 60,092 | 60,492 | 64,503 |
Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 139,544 | 150,330 | 84,325 | 57,395 | 76,012 | 73,358 | 36,176 | 34,375 | 34,222 | 33,710 | 33,360 | 32,678 | 33,307 | 22,079 | |
Amortisation | |||||||||||||||
Tax | -66,878 | -74,228 | |||||||||||||
Stock | -26,273 | 1,179,168 | 348,311 | 46,447 | 41,629 | 8,670 | 580,197 | -338,324 | 31,407 | 43,310 | 23,865 | -16,075 | 8,452 | 31,265 | 216,100 |
Debtors | -29,532 | 2,049,514 | 218,175 | 108,662 | 58,480 | 3,729 | -330,526 | 453,023 | 137,168 | 110,629 | -10,672 | -43,744 | 17,943 | 64,221 | 444,664 |
Creditors | -405,108 | 1,347,485 | -266,758 | 198,371 | 130,786 | 7,563 | 160,972 | -186,868 | 169,564 | -1,585 | 17,820 | -67,096 | 23,364 | 86,328 | 734,989 |
Accruals and Deferred Income | -37,623 | 319,008 | 156,027 | -21,495 | 21,495 | -25,342 | 25,342 | ||||||||
Deferred Taxes & Provisions | 21,708 | 158,663 | 42,400 | -8,474 | 16,628 | 17,597 | -976 | 11,522 | 40,205 | -4,096 | -964 | -7,398 | -548 | -1,495 | 26,616 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | 143,263 | ||||||||||||||
Other Short Term Loans | 418,567 | 606,020 | 168,648 | ||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | -73,773 | 165,119 | 298,461 | ||||||||||||
other long term liabilities | -110,348 | 30,361 | -75,351 | 61,401 | -45,863 | 137,856 | 5,193 | -5,023 | 7,245 | -13,893 | -3,104 | -15,200 | 34,999 | ||
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | 30,856 | -102,007 | |||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 40,005 | 59,499 | -46,815 | 187,568 | 29,125 | -37,384 | 45,350 | -36,016 | 35,934 | -21,978 | 21,915 | -60 | -148 | -10,110 | 10,463 |
overdraft | |||||||||||||||
change in cash | 40,005 | 59,499 | -46,815 | 187,568 | 29,125 | -37,384 | 45,350 | -36,016 | 35,934 | -21,978 | 21,915 | -60 | -148 | -10,110 | 10,463 |
britchem limited Credit Report and Business Information
Britchem Limited Competitor Analysis

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 directors
Britchem Limited currently has 5 directors. The longest serving directors include Mr Charles Hodgson (Apr 2022) and Mr Charles Hodgson (Apr 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Charles Hodgson | England | 65 years | Apr 2022 | - | Director |
Mr Charles Hodgson | England | 65 years | Apr 2022 | - | Director |
Mr Richard Hodgson | United Kingdom | 67 years | Apr 2022 | - | Director |
Mr Richard Hodgson | England | 67 years | Apr 2022 | - | Director |
Mrs Danielle Houghton | England | 44 years | May 2022 | - | Director |
P&L
March 2024turnover
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 2024net 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
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.
Click to start generating capital raising & share issue transactions for BRITCHEM LIMITED. This can take several minutes, an email will notify you when this has completed.
britchem limited Companies House Filings - See Documents
date | description | view/download |
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