blue machinery (spares) limited
blue machinery (spares) limited Company Information
Company Number
04597499
Next Accounts
Sep 2025
Shareholders
blue machinery (group) plc
Group Structure
View All
Industry
Other mining and quarrying n.e.c.
Registered Address
appleton thorn trading estate, warrington, cheshire, WA4 4SN
Website
www.bluegroupspares.comblue machinery (spares) limited Estimated Valuation
Pomanda estimates the enterprise value of BLUE MACHINERY (SPARES) LIMITED at £19m based on a Turnover of £20.1m and 0.94x industry multiple (adjusted for size and gross margin).
blue machinery (spares) limited Estimated Valuation
Pomanda estimates the enterprise value of BLUE MACHINERY (SPARES) LIMITED at £10.2m based on an EBITDA of £2.4m and a 4.15x industry multiple (adjusted for size and gross margin).
blue machinery (spares) limited Estimated Valuation
Pomanda estimates the enterprise value of BLUE MACHINERY (SPARES) LIMITED at £9.7m based on Net Assets of £9.4m and 1.03x industry multiple (adjusted for liquidity).
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Blue Machinery (spares) Limited Overview
Blue Machinery (spares) Limited is a live company located in cheshire, WA4 4SN with a Companies House number of 04597499. It operates in the other mining and quarrying n.e.c. sector, SIC Code 08990. Founded in November 2002, it's largest shareholder is blue machinery (group) plc with a 100% stake. Blue Machinery (spares) Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.1m with healthy growth in recent years.
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Blue Machinery (spares) Limited Health Check
Pomanda's financial health check has awarded Blue Machinery (Spares) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
2 Weak
Size
annual sales of £20.1m, make it larger than the average company (£15.2m)
£20.1m - Blue Machinery (spares) Limited
£15.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.9%)
11% - Blue Machinery (spares) Limited
9.9% - Industry AVG
Production
with a gross margin of 27.2%, this company has a comparable cost of product (24.4%)
27.2% - Blue Machinery (spares) Limited
24.4% - Industry AVG
Profitability
an operating margin of 11.6% make it more profitable than the average company (9.3%)
11.6% - Blue Machinery (spares) Limited
9.3% - Industry AVG
Employees
with 40 employees, this is similar to the industry average (47)
40 - Blue Machinery (spares) Limited
47 - Industry AVG
Pay Structure
on an average salary of £49.9k, the company has an equivalent pay structure (£50.8k)
£49.9k - Blue Machinery (spares) Limited
£50.8k - Industry AVG
Efficiency
resulting in sales per employee of £502k, this is more efficient (£252.2k)
£502k - Blue Machinery (spares) Limited
£252.2k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (46 days)
69 days - Blue Machinery (spares) Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (43 days)
40 days - Blue Machinery (spares) Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 114 days, this is more than average (62 days)
114 days - Blue Machinery (spares) Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (12 weeks)
53 weeks - Blue Machinery (spares) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.9%, this is a lower level of debt than the average (35.2%)
20.9% - Blue Machinery (spares) Limited
35.2% - Industry AVG
BLUE MACHINERY (SPARES) LIMITED financials
Blue Machinery (Spares) Limited's latest turnover from December 2023 is £20.1 million and the company has net assets of £9.4 million. According to their latest financial statements, Blue Machinery (Spares) Limited has 40 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 20,078,646 | 18,677,352 | 17,662,909 | 14,786,361 | 15,565,692 | 10,442,684 | 10,750,385 | 9,492,470 | 8,801,502 | 7,270,607 | 6,330,804 | 6,176,618 | 6,740,653 | 5,738,690 | 4,907,066 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 14,625,045 | 13,490,203 | 12,664,123 | 10,977,376 | 11,801,383 | 7,355,384 | 7,414,722 | 6,591,340 | 5,606,618 | 4,665,973 | 4,130,782 | 4,170,738 | 4,689,537 | 4,132,185 | 3,747,759 |
| Gross Profit | 5,453,601 | 5,187,149 | 4,998,786 | 3,808,985 | 3,764,309 | 3,087,300 | 3,335,663 | 2,901,130 | 3,194,884 | 2,604,634 | 2,200,022 | 2,005,880 | 2,051,116 | 1,606,505 | 1,159,307 |
| Admin Expenses | 3,118,435 | 2,675,142 | 3,288,368 | 2,527,699 | 2,688,489 | 2,021,258 | 2,151,701 | 1,962,114 | 1,828,370 | 1,621,495 | 1,370,687 | 1,168,085 | 1,191,606 | 999,421 | 887,198 |
| Operating Profit | 2,335,166 | 2,512,007 | 1,710,418 | 1,281,286 | 1,075,820 | 1,066,042 | 1,183,962 | 939,016 | 1,366,514 | 983,139 | 829,335 | 837,795 | 859,510 | 607,084 | 272,109 |
| Interest Payable | 859 | 1,674 | 1,145 | 12,419 | 28,383 | 7,255 | 11,417 | 12,529 | 13,387 | 17,089 | 14,276 | 7,123 | 7,812 | ||
| Interest Receivable | 91 | 175 | 1,973 | ||||||||||||
| Pre-Tax Profit | 2,335,166 | 2,511,239 | 1,708,744 | 1,280,141 | 1,075,820 | 1,053,623 | 1,155,754 | 931,761 | 1,355,097 | 970,610 | 815,948 | 820,705 | 845,234 | 599,961 | 264,297 |
| Tax | -445,940 | -459,345 | -278,645 | -947 | -36,576 | -45,764 | -160,309 | -159,063 | -283,590 | -207,239 | -185,104 | -198,173 | -215,379 | -170,204 | -74,488 |
| Profit After Tax | 1,889,226 | 2,051,894 | 1,430,099 | 1,279,194 | 1,039,244 | 1,007,859 | 995,445 | 772,698 | 1,071,507 | 763,371 | 630,844 | 622,532 | 629,855 | 429,757 | 189,809 |
| Dividends Paid | 1,010,915 | 920,000 | 1,366,667 | 400,000 | 600,000 | 400,000 | 400,000 | 400,000 | 400,000 | 200,000 | 200,000 | 200,000 | |||
| Retained Profit | 878,311 | 2,051,894 | 1,430,099 | 1,279,194 | 119,244 | -358,808 | 595,445 | 172,698 | 671,507 | 363,371 | 230,844 | 222,532 | 429,855 | 229,757 | -10,191 |
| Employee Costs | 1,995,837 | 1,891,236 | 1,800,504 | 1,808,334 | 1,721,318 | 1,334,659 | 1,524,016 | 1,489,550 | 1,308,270 | 1,061,963 | 905,266 | 988,443 | 873,740 | 746,648 | 636,397 |
| Number Of Employees | 40 | 40 | 38 | 37 | 41 | 38 | 38 | 36 | 30 | 26 | 25 | 23 | 22 | 19 | 16 |
| EBITDA* | 2,448,783 | 2,598,404 | 1,775,458 | 1,348,143 | 1,202,265 | 1,158,049 | 1,279,577 | 1,029,617 | 1,472,280 | 1,087,799 | 928,122 | 937,272 | 957,384 | 667,987 | 316,922 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 362,019 | 353,537 | 282,519 | 259,814 | 302,058 | 381,472 | 249,100 | 337,030 | 350,460 | 376,388 | 365,650 | 353,050 | 441,498 | 396,887 | 194,885 |
| Intangible Assets | 38,333 | 48,333 | |||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 400,352 | 401,870 | 282,519 | 259,814 | 302,058 | 381,472 | 249,100 | 337,030 | 350,460 | 376,388 | 365,650 | 353,050 | 441,498 | 396,887 | 194,885 |
| Stock & work in progress | 4,599,839 | 5,386,255 | 3,515,283 | 3,890,406 | 3,619,297 | 3,458,950 | 2,651,408 | 2,401,409 | 2,087,343 | 1,693,320 | 1,258,589 | 1,356,608 | 1,225,548 | 1,152,170 | 1,037,317 |
| Trade Debtors | 3,803,560 | 3,180,081 | 2,625,585 | 3,208,130 | 2,904,003 | 2,306,927 | 1,829,284 | 2,206,610 | 1,935,631 | 1,273,995 | 1,253,838 | 1,043,832 | 1,355,560 | 1,016,852 | 914,990 |
| Group Debtors | 314,735 | 17,548 | 179,009 | 572,890 | 387,733 | 473,855 | 8,042 | 14,203 | 34,408 | 116,283 | |||||
| Misc Debtors | 226,006 | 307,848 | 332,551 | 183,566 | 283,356 | 189,075 | 937,576 | 623,326 | 279,425 | 228,694 | 429,375 | 394,847 | 371,498 | 97,240 | 20,765 |
| Cash | 2,476,818 | 2,087,191 | 3,994,449 | 2,096,367 | 374,241 | 378,323 | 580,163 | 192,655 | 383,807 | 308,978 | 325,556 | 209,933 | 571 | 1,234 | 1,785 |
| misc current assets | |||||||||||||||
| total current assets | 11,420,958 | 10,978,923 | 10,646,877 | 9,951,359 | 7,568,630 | 6,807,130 | 5,998,431 | 5,424,000 | 4,686,206 | 3,513,029 | 3,281,561 | 3,039,628 | 3,069,460 | 2,267,496 | 1,974,857 |
| total assets | 11,821,310 | 11,380,793 | 10,929,396 | 10,211,173 | 7,870,688 | 7,188,602 | 6,247,531 | 5,761,030 | 5,036,666 | 3,889,417 | 3,647,211 | 3,392,678 | 3,510,958 | 2,664,383 | 2,169,742 |
| Bank overdraft | 236,635 | 87,947 | 641,823 | 23,333 | 75,712 | 84,793 | 92,766 | 206,368 | 224,818 | 166,220 | |||||
| Bank loan | 69,406 | 73,151 | 73,140 | ||||||||||||
| Trade Creditors | 1,609,124 | 1,515,048 | 1,208,911 | 1,556,316 | 1,533,967 | 1,602,001 | 1,299,232 | 1,076,638 | 998,897 | 802,598 | 919,760 | 767,406 | 870,010 | 666,332 | 657,218 |
| Group/Directors Accounts | 140,018 | 1,649,053 | 2,184,649 | 1,935,330 | 1,308,723 | 101,341 | 106,966 | 27,997 | 30,286 | 35,996 | 31,714 | 35,936 | 7,569 | 100,400 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | 94,000 | 8,351 | 39,145 | 42,934 | 18,330 | ||||||||||
| other current liabilities | 800,861 | 1,191,014 | 1,373,990 | 893,396 | 501,432 | 410,059 | 655,681 | 545,274 | 780,859 | 442,876 | 428,745 | 498,885 | 564,467 | 381,494 | 187,064 |
| total current liabilities | 2,409,985 | 2,846,080 | 4,468,589 | 4,816,308 | 4,040,135 | 3,393,934 | 2,129,394 | 2,370,701 | 1,831,086 | 1,351,472 | 1,477,645 | 1,429,916 | 1,719,715 | 1,298,543 | 1,110,902 |
| loans | 6,904 | 98,733 | 182,935 | 142,694 | |||||||||||
| hp & lease commitments | 376,000 | 6,876 | 42,741 | 55,205 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 58,823 | 60,522 | 38,510 | 19,763 | 18,816 | 17,973 | 22,875 | 33,206 | 21,155 | 25,027 | 20,019 | 37,183 | 52,331 | 44,319 | 22,281 |
| total long term liabilities | 58,823 | 60,522 | 38,510 | 402,667 | 117,549 | 200,908 | 165,569 | 33,206 | 21,155 | 25,027 | 20,019 | 44,059 | 95,072 | 99,524 | 22,281 |
| total liabilities | 2,468,808 | 2,906,602 | 4,507,099 | 5,218,975 | 4,157,684 | 3,594,842 | 2,294,963 | 2,403,907 | 1,852,241 | 1,376,499 | 1,497,664 | 1,473,975 | 1,814,787 | 1,398,067 | 1,133,183 |
| net assets | 9,352,502 | 8,474,191 | 6,422,297 | 4,992,198 | 3,713,004 | 3,593,760 | 3,952,568 | 3,357,123 | 3,184,425 | 2,512,918 | 2,149,547 | 1,918,703 | 1,696,171 | 1,266,316 | 1,036,559 |
| total shareholders funds | 9,352,502 | 8,474,191 | 6,422,297 | 4,992,198 | 3,713,004 | 3,593,760 | 3,952,568 | 3,357,123 | 3,184,425 | 2,512,918 | 2,149,547 | 1,918,703 | 1,696,171 | 1,266,316 | 1,036,559 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,335,166 | 2,512,007 | 1,710,418 | 1,281,286 | 1,075,820 | 1,066,042 | 1,183,962 | 939,016 | 1,366,514 | 983,139 | 829,335 | 837,795 | 859,510 | 607,084 | 272,109 |
| Depreciation | 103,617 | 84,730 | 65,040 | 66,857 | 126,445 | 92,007 | 95,615 | 90,601 | 105,766 | 104,660 | 98,787 | 99,477 | 97,874 | 60,903 | 44,813 |
| Amortisation | 10,000 | 1,667 | |||||||||||||
| Tax | -445,940 | -459,345 | -278,645 | -947 | -36,576 | -45,764 | -160,309 | -159,063 | -283,590 | -207,239 | -185,104 | -198,173 | -215,379 | -170,204 | -74,488 |
| Stock | -786,416 | 1,870,972 | -375,123 | 271,109 | 160,347 | 1,057,541 | 249,999 | 314,066 | 394,023 | 434,731 | -98,019 | 131,060 | 73,378 | 114,853 | 1,037,317 |
| Debtors | 838,824 | 368,332 | -827,441 | 389,494 | 605,235 | 139,921 | -63,076 | 614,880 | 704,325 | -186,685 | 224,329 | -370,254 | 729,249 | 178,337 | 935,755 |
| Creditors | 94,076 | 306,137 | -347,405 | 22,349 | -68,034 | 525,363 | 222,594 | 77,741 | 196,299 | -117,162 | 152,354 | -102,604 | 203,678 | 9,114 | 657,218 |
| Accruals and Deferred Income | -390,153 | -182,976 | 480,594 | 391,964 | 91,373 | -135,215 | 110,407 | -235,585 | 337,983 | 14,131 | -70,140 | -65,582 | 182,973 | 194,430 | 187,064 |
| Deferred Taxes & Provisions | -1,699 | 22,012 | 18,747 | 947 | 843 | -15,233 | -10,331 | 12,051 | -3,872 | 5,008 | -17,164 | -15,148 | 8,012 | 22,038 | 22,281 |
| Cash flow from operations | 1,652,659 | 44,928 | 2,851,313 | 1,101,853 | 424,289 | 289,738 | 1,255,015 | -204,185 | 620,752 | 534,491 | 681,758 | 794,959 | 334,041 | 430,175 | -864,075 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -69,406 | -3,745 | 73,151 | 73,140 | |||||||||||
| Group/Directors Accounts | -140,018 | -1,509,035 | -535,596 | 249,319 | 626,607 | 1,201,757 | -5,625 | 78,969 | -2,289 | -5,710 | 4,282 | -4,222 | 28,367 | -92,831 | 100,400 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -6,904 | -91,829 | -84,202 | 182,935 | 142,694 | ||||||||||
| Hire Purchase and Lease Commitments | -470,000 | 470,000 | -8,351 | -37,670 | -39,654 | 12,140 | 73,535 | ||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -768 | -1,674 | -1,145 | -12,419 | -28,208 | -7,255 | -11,417 | -12,529 | -13,387 | -17,089 | -14,276 | -7,123 | -5,839 | ||
| cash flow from financing | -140,018 | -1,509,803 | -1,014,174 | 556,939 | 538,660 | 2,040,869 | 182,001 | 71,714 | -13,706 | -26,590 | -46,775 | -60,965 | 26,231 | -26,419 | 1,141,311 |
| cash and cash equivalents | |||||||||||||||
| cash | 389,627 | -1,907,258 | 1,898,082 | 1,722,126 | -4,082 | 185,668 | 387,508 | -191,152 | 74,829 | -16,578 | 115,623 | 209,362 | -663 | -551 | 1,785 |
| overdraft | -236,635 | 148,688 | 87,947 | -641,823 | -641,823 | 618,490 | -52,379 | -9,081 | -7,973 | -113,602 | -18,450 | 58,598 | 166,220 | ||
| change in cash | 389,627 | -1,670,623 | 1,749,394 | 1,634,179 | -4,082 | 827,491 | 1,029,331 | -809,642 | 127,208 | -7,497 | 123,596 | 322,964 | 17,787 | -59,149 | -164,435 |
blue machinery (spares) limited Credit Report and Business Information
Blue Machinery (spares) Limited Competitor Analysis
Perform a competitor analysis for blue machinery (spares) limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in WA4 area or any other competitors across 12 key performance metrics.
blue machinery (spares) limited Ownership
BLUE MACHINERY (SPARES) LIMITED group structure
Blue Machinery (Spares) Limited has no subsidiary companies.
Ultimate parent company
1 parent
BLUE MACHINERY (SPARES) LIMITED
04597499
blue machinery (spares) limited directors
Blue Machinery (Spares) Limited currently has 4 directors. The longest serving directors include Mr Patrick McGeary (Mar 2003) and Mr Eugene Donnelly (Mar 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick McGeary | United Kingdom | 72 years | Mar 2003 | - | Director |
| Mr Eugene Donnelly | Northern Ireland | 66 years | Mar 2003 | - | Director |
| Mr Brian Maxwell | Northern Ireland | 65 years | Mar 2003 | - | Director |
| Mr Austin Carey | Northern Ireland | 54 years | Mar 2003 | - | Director |
P&L
December 2023turnover
20.1m
+8%
operating profit
2.3m
-7%
gross margin
27.2%
-2.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.4m
+0.1%
total assets
11.8m
+0.04%
cash
2.5m
+0.19%
net assets
Total assets minus all liabilities
blue machinery (spares) limited company details
company number
04597499
Type
Private limited with Share Capital
industry
08990 - Other mining and quarrying n.e.c.
incorporation date
November 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
spares uk plc (June 2008)
accountant
-
auditor
CORR & CORR
address
appleton thorn trading estate, warrington, cheshire, WA4 4SN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
DWF LAW LLP
blue machinery (spares) 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 3 charges/mortgages relating to blue machinery (spares) limited. Currently there are 2 open charges and 1 have been satisfied in the past.
blue machinery (spares) 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 BLUE MACHINERY (SPARES) LIMITED. This can take several minutes, an email will notify you when this has completed.
blue machinery (spares) limited Companies House Filings - See Documents
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