goodrich control systems

goodrich control systems Company Information

Share GOODRICH CONTROL SYSTEMS
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MatureMegaHigh

Company Number

04482312

Industry

Agents specialised in the sale of other particular products

 

Other manufacturing n.e.c.

 

Shareholders

goodrich control systems inc

Group Structure

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Contact

Registered Address

fore 1, fore business park, huskisson way, solihull, west midlands, B90 4SS

goodrich control systems Estimated Valuation

£667.4m

Pomanda estimates the enterprise value of GOODRICH CONTROL SYSTEMS at £667.4m based on a Turnover of £359.4m and 1.86x industry multiple (adjusted for size and gross margin).

goodrich control systems Estimated Valuation

£3.7b

Pomanda estimates the enterprise value of GOODRICH CONTROL SYSTEMS at £3.7b based on an EBITDA of £238m and a 15.44x industry multiple (adjusted for size and gross margin).

goodrich control systems Estimated Valuation

£743.5m

Pomanda estimates the enterprise value of GOODRICH CONTROL SYSTEMS at £743.5m based on Net Assets of £420.4m and 1.77x industry multiple (adjusted for liquidity).

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Goodrich Control Systems Overview

Goodrich Control Systems is a live company located in solihull, B90 4SS with a Companies House number of 04482312. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 2002, it's largest shareholder is goodrich control systems inc with a 100% stake. Goodrich Control Systems is a mature, mega sized company, Pomanda has estimated its turnover at £359.4m with high growth in recent years.

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Goodrich Control Systems Health Check

Pomanda's financial health check has awarded Goodrich Control Systems a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £359.4m, make it larger than the average company (£11.8m)

£359.4m - Goodrich Control Systems

£11.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.9%)

22% - Goodrich Control Systems

6.9% - Industry AVG

production

Production

with a gross margin of 68.4%, this company has a lower cost of product (29.8%)

68.4% - Goodrich Control Systems

29.8% - Industry AVG

profitability

Profitability

an operating margin of 64.8% make it more profitable than the average company (6.1%)

64.8% - Goodrich Control Systems

6.1% - Industry AVG

employees

Employees

with 630 employees, this is above the industry average (42)

630 - Goodrich Control Systems

42 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.9k, the company has a higher pay structure (£51.6k)

£63.9k - Goodrich Control Systems

£51.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £570.5k, this is more efficient (£305.2k)

£570.5k - Goodrich Control Systems

£305.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is near the average (52 days)

59 days - Goodrich Control Systems

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 285 days, this is slower than average (33 days)

285 days - Goodrich Control Systems

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 78 days, this is in line with average (69 days)

78 days - Goodrich Control Systems

69 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 (15 weeks)

2 weeks - Goodrich Control Systems

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38%, this is a lower level of debt than the average (50.8%)

38% - Goodrich Control Systems

50.8% - Industry AVG

GOODRICH CONTROL SYSTEMS financials

EXPORTms excel logo

Goodrich Control Systems's latest turnover from December 2023 is £359.4 million and the company has net assets of £420.4 million. According to their latest financial statements, Goodrich Control Systems has 630 employees and maintains cash reserves of £5.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover359,389,000190,928,000169,847,000197,629,000254,237,000226,373,000204,613,000219,837,000183,065,000168,069,000188,300,000276,800,000252,900,000237,900,000232,400,000
Other Income Or Grants000000000000000
Cost Of Sales113,461,00099,314,00073,589,000102,032,000140,005,000134,581,000114,013,000125,712,00097,815,000104,035,000135,082,084199,230,317181,185,406170,046,013185,920,000
Gross Profit245,928,00091,614,00096,258,00095,597,000114,232,00091,792,00090,600,00094,125,00085,250,00064,034,00053,217,91677,569,68371,714,59467,853,98746,480,000
Admin Expenses13,088,00014,239,00016,174,00022,429,00038,281,00076,848,00022,631,00014,858,00021,470,00048,574,00027,717,91649,569,68331,214,59429,853,98714,380,000
Operating Profit232,840,00077,375,00080,084,00073,168,00075,951,00014,944,00067,969,00079,267,00063,780,00015,460,00025,500,00028,000,00040,500,00038,000,00032,100,000
Interest Payable31,194,00022,566,00018,912,00022,050,00025,646,00025,753,00026,157,00023,814,00019,654,0001,118,0001,100,000300,000200,000100,000300,000
Interest Receivable46,668,00023,718,00012,529,00017,827,00023,560,00022,420,00020,729,00022,966,00018,701,0003,314,0003,100,0003,400,0002,100,0002,900,000900,000
Pre-Tax Profit248,314,00078,527,00073,701,00068,945,00073,865,00011,611,00062,541,00078,419,00062,827,00017,656,000186,100,00030,900,00042,400,00040,800,00032,700,000
Tax-21,346,000-4,678,000-6,420,000-5,228,000-11,390,0002,970,000-3,435,000-13,886,000-1,300,000-4,505,000-44,500,000-8,300,000-9,200,000-4,700,000-9,600,000
Profit After Tax226,968,00073,849,00067,281,00063,717,00062,475,00014,581,00059,106,00064,533,00061,527,00013,151,000141,600,00022,600,00033,200,00036,100,00023,100,000
Dividends Paid542,000,00067,281,0000000000000000
Retained Profit-315,032,0006,568,00067,281,00063,717,00062,475,00014,581,00059,106,00064,533,00061,527,00013,151,000141,600,00022,600,00033,200,00036,100,00023,100,000
Employee Costs40,261,00040,710,00035,544,00039,772,00047,230,00048,862,00041,730,00037,127,00038,408,00037,513,00036,600,00062,100,00048,900,00048,200,00050,500,000
Number Of Employees6305425035656305876046085765756001,1661,0149691,008
EBITDA*238,043,00083,408,00085,817,00079,503,00082,033,00019,806,00073,443,00084,741,00068,668,00016,792,00033,900,00037,500,00048,300,00045,200,00039,800,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets23,196,00027,864,00035,958,00033,461,00038,037,00034,982,00032,290,00030,607,00031,078,00031,507,00026,300,00035,500,00026,400,00025,800,00022,300,000
Intangible Assets44,535,00049,421,00044,352,00044,352,00044,352,00044,352,00092,903,00088,473,00081,011,00073,438,00039,800,00048,800,00044,000,00048,000,00051,500,000
Investments & Other00118,772,00051,826,00065,057,00069,662,00092,838,00070,290,0000000000
Debtors (Due After 1 year)17,140,00013,681,000010,806,0007,727,0007,312,0003,559,00000000000
Total Fixed Assets84,871,00090,966,000199,082,000140,445,000155,173,000156,308,000221,590,000189,370,000112,089,000104,945,00066,100,00084,300,00070,400,00073,800,00073,800,000
Stock & work in progress24,301,00025,614,00022,909,00024,400,00025,580,00024,921,00024,786,00021,367,00019,882,00017,583,00016,700,00048,100,00050,600,00047,300,00053,100,000
Trade Debtors58,663,00055,261,00058,349,00047,017,00062,030,00057,649,00050,945,00067,463,00058,850,00044,823,00019,700,00037,600,00033,700,00034,700,00031,900,000
Group Debtors463,820,000765,735,000697,637,000663,294,000649,646,000536,069,000632,708,000618,994,000537,759,000507,311,000485,200,000260,800,000247,700,000233,000,000205,700,000
Misc Debtors732,0001,575,0003,111,0005,871,0006,798,00023,817,0004,554,0008,688,00020,452,00010,927,000130,100,000111,700,00076,500,00059,100,00037,700,000
Cash5,886,0006,486,00060,202,00043,539,00006,133,00021,916,00050,081,0004,743,00023,352,00011,000,00012,700,00046,800,00028,300,00015,400,000
misc current assets40,040,00053,877,0000000000000000
total current assets593,442,000908,548,000842,208,000784,121,000744,054,000648,589,000734,909,000766,593,000641,686,000603,996,000662,700,000470,900,000455,300,000402,400,000343,800,000
total assets678,313,000999,514,0001,041,290,000924,566,000899,227,000804,897,000956,499,000955,963,000753,775,000708,941,000728,800,000555,200,000525,700,000476,200,000417,600,000
Bank overdraft000011,497,0000000000000
Bank loan000000000000000
Trade Creditors 88,796,00091,604,00032,517,00028,089,00044,298,00048,036,00046,661,00044,758,00052,683,00043,909,00016,800,00024,700,00023,800,00021,500,00019,200,000
Group/Directors Accounts31,040,0006,434,0005,012,0004,149,0003,549,00016,199,000163,814,000377,753,000200,878,000239,389,000166,900,000124,500,000125,300,000116,400,00096,900,000
other short term finances000000000000000
hp & lease commitments80,0001,259,0001,295,000600,0001,278,0000000000000
other current liabilities24,621,00036,068,00090,806,000105,168,00067,673,00041,928,00055,246,00042,292,00027,380,00015,603,00045,000,00034,800,00032,200,00028,500,00041,700,000
total current liabilities144,537,000135,365,000129,630,000138,006,000128,295,000106,163,000265,721,000464,803,000280,941,000298,901,000228,700,000184,000,000181,300,000166,400,000157,800,000
loans108,599,000108,599,000108,599,000108,599,000108,599,000108,599,000108,599,00000000000
hp & lease commitments104,0003,969,0004,892,0001,488,0002,283,0000000000000
Accruals and Deferred Income000035,734,00023,169,00014,347,0006,750,0005,332,0002,857,0001,000,0004,900,0003,800,00013,800,0000
other liabilities000000000000000
provisions4,676,0004,498,0007,297,0004,861,0006,722,00010,224,0009,069,0003,365,0003,674,0005,278,00017,700,00026,900,00025,700,00016,900,0007,800,000
total long term liabilities113,379,000117,066,000120,788,000114,948,000153,338,000141,992,000132,015,00010,115,00029,275,0008,135,00018,700,00031,800,00029,500,00030,700,0007,800,000
total liabilities257,916,000252,431,000250,418,000252,954,000281,633,000248,155,000397,736,000474,918,000310,216,000307,036,000247,400,000215,800,000210,800,000197,100,000165,600,000
net assets420,397,000747,083,000790,872,000671,612,000617,594,000556,742,000558,763,000481,045,000443,559,000401,905,000481,400,000339,400,000314,900,000279,100,000252,000,000
total shareholders funds420,397,000747,083,000790,872,000671,612,000617,594,000556,742,000558,763,000481,045,000443,559,000401,905,000481,400,000339,400,000314,900,000279,100,000252,000,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit232,840,00077,375,00080,084,00073,168,00075,951,00014,944,00067,969,00079,267,00063,780,00015,460,00025,500,00028,000,00040,500,00038,000,00032,100,000
Depreciation4,148,0004,828,0005,733,0006,335,0006,082,0004,862,0004,486,0004,486,0004,717,0001,323,0003,800,0004,600,0003,800,0003,300,0003,600,000
Amortisation1,055,0001,205,0000000988,000988,000171,0009,0004,600,0004,900,0004,000,0003,900,0004,100,000
Tax-21,346,000-4,678,000-6,420,000-5,228,000-11,390,0002,970,000-3,435,000-13,886,000-1,300,000-4,505,000-44,500,000-8,300,000-9,200,000-4,700,000-9,600,000
Stock-1,313,0002,705,000-1,491,000-1,180,000659,000135,0003,419,0001,485,0002,299,000883,000-31,400,000-2,500,0003,300,000-5,800,00053,100,000
Debtors-295,897,00077,155,00032,109,000787,000101,354,000-66,919,000-3,379,00078,084,00054,000,000-71,939,000224,900,00052,200,00031,100,00051,500,000275,300,000
Creditors-2,808,00059,087,0004,428,000-16,209,000-3,738,0001,375,0001,903,000-7,925,0008,774,00027,109,000-7,900,000900,0002,300,0002,300,00019,200,000
Accruals and Deferred Income-11,447,000-54,738,000-14,362,0001,761,00038,310,000-4,496,00020,551,00016,330,00014,252,000-27,540,0006,300,0003,700,000-6,300,000600,00041,700,000
Deferred Taxes & Provisions178,000-2,799,0002,436,000-1,861,000-3,502,0001,155,0005,704,000-309,000-1,604,000-12,422,000-9,200,0001,200,0008,800,0009,100,0007,800,000
Cash flow from operations499,830,000420,00041,281,00058,359,000-300,00087,594,00098,126,000-618,00032,491,00070,490,000-214,900,000-14,700,0009,500,0006,800,000-229,500,000
Investing Activities
capital expenditure4,351,000-3,008,000-8,230,000-1,759,000-9,137,00040,997,000-11,587,000-12,465,000-12,032,000-40,177,0009,800,000-23,400,000-4,400,000-7,200,000-81,500,000
Change in Investments0-118,772,00066,946,000-13,231,000-4,605,000-23,176,00022,548,00070,290,0000000000
cash flow from investments4,351,000115,764,000-75,176,00011,472,000-4,532,00064,173,000-34,135,000-82,755,000-12,032,000-40,177,0009,800,000-23,400,000-4,400,000-7,200,000-81,500,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts24,606,0001,422,000863,000600,000-12,650,000-147,615,000-213,939,000176,875,000-38,511,00072,489,00042,400,000-800,0008,900,00019,500,00096,900,000
Other Short Term Loans 000000000000000
Long term loans000000108,599,00000000000
Hire Purchase and Lease Commitments-5,044,000-959,0004,099,000-1,473,0003,561,0000000000000
other long term liabilities000000000000000
share issue-11,654,000-50,357,00051,979,000-9,699,000-1,623,000-16,602,00018,612,000-27,047,000-19,873,000-92,646,000400,0001,900,0002,600,000-9,000,000228,900,000
interest15,474,0001,152,000-6,383,000-4,223,000-2,086,000-3,333,000-5,428,000-848,000-953,0002,196,0002,000,0003,100,0001,900,0002,800,000600,000
cash flow from financing23,382,000-48,742,00050,558,000-14,795,000-12,798,000-167,550,000-92,156,000148,980,000-59,337,000-17,961,00044,800,0004,200,00013,400,00013,300,000326,400,000
cash and cash equivalents
cash-600,000-53,716,00016,663,00043,539,000-6,133,000-15,783,000-28,165,00045,338,000-18,609,00012,352,000-1,700,000-34,100,00018,500,00012,900,00015,400,000
overdraft000-11,497,00011,497,0000000000000
change in cash-600,000-53,716,00016,663,00055,036,000-17,630,000-15,783,000-28,165,00045,338,000-18,609,00012,352,000-1,700,000-34,100,00018,500,00012,900,00015,400,000

goodrich control systems 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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Goodrich Control Systems Competitor Analysis

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Perform a competitor analysis for goodrich control systems by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in B90 area or any other competitors across 12 key performance metrics.

goodrich control systems Ownership

GOODRICH CONTROL SYSTEMS group structure

Goodrich Control Systems has no subsidiary companies.

Ultimate parent company

UNITED TECHNOLOGIES CORPORATION

#0132266

2 parents

GOODRICH CONTROL SYSTEMS

04482312

GOODRICH CONTROL SYSTEMS Shareholders

goodrich control systems inc 100%

goodrich control systems directors

Goodrich Control Systems currently has 5 directors. The longest serving directors include Ms Lynne Powell (Jan 2015) and Ms Alexandra Murchison Mchugh (May 2018).

officercountryagestartendrole
Ms Lynne PowellEngland59 years Jan 2015- Director
Ms Alexandra Murchison MchughUnited States59 years May 2018- Director
Mr Joseph Beaudry IiiUnited States49 years Apr 2021- Director
Ms Nicola MannUnited Kingdom50 years Apr 2021- Director
Mr Ryan HudsonUnited States52 years Apr 2021- Director

P&L

December 2023

turnover

359.4m

+88%

operating profit

232.8m

+201%

gross margin

68.5%

+42.61%

turnover

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

Balance Sheet

December 2023

net assets

420.4m

-0.44%

total assets

678.3m

-0.32%

cash

5.9m

-0.09%

net assets

Total assets minus all liabilities

goodrich control systems company details

company number

04482312

Type

Private unlimited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

32990 - Other manufacturing n.e.c.

incorporation date

July 2002

age

23

incorporated

UK

ultimate parent company

UNITED TECHNOLOGIES CORPORATION

accounts

Full Accounts

last accounts submitted

December 2023

previous names

goodrich control systems limited (December 2008)

hackremco (no. 1981) limited (August 2002)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

fore 1, fore business park, huskisson way, solihull, west midlands, B90 4SS

Bank

-

Legal Advisor

-

goodrich control systems 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 goodrich control systems.

goodrich control systems 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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goodrich control systems Companies House Filings - See Documents

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