Blue Machinery (spares) Limited

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blue machinery (spares) limited Company Information

Live

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Company Number

04597499

Website

www.bluegroupspares.com

Registered Address

appleton thorn trading estate, warrington, cheshire, WA4 4SN

Industry

Other mining and quarrying n.e.c.

Telephone

01925604881

Next Accounts Due

September 2025

Group Structure

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Directors

Brian Maxwell21 Years

Patrick McGeary21 Years

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Shareholders

blue machinery (group) plc 100%

blue machinery (spares) limited Estimated Valuation

£13.4m

Pomanda estimates the enterprise value of BLUE MACHINERY (SPARES) LIMITED at £13.4m based on a Turnover of £20.1m and 0.67x industry multiple (adjusted for size and gross margin).

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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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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 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £20.1m, make it in line with the average company (£18.7m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.9%)

EXPORT

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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	859	1,674	1,145	0	12,419	28,383	7,255	11,417	12,529	13,387	17,089	14,276	7,123	7,812
Interest Receivable	0	91	0	0	0	0	175	0	0	0	0	0	0	0	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	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	8,042	14,203	34,408	116,283	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	236,635	87,947	0	0	0	641,823	23,333	75,712	84,793	92,766	206,368	224,818	166,220
Bank loan	0	0	0	0	69,406	73,151	73,140	0	0	0	0	0	0	0	0
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	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	94,000	0	0	0	0	0	0	8,351	39,145	42,934	18,330	0
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	0	0	0	6,904	98,733	182,935	142,694	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	376,000	0	0	0	0	0	0	0	6,876	42,741	55,205	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-112,099	-205,748	-87,745	-24,613	-47,031	-136,449	-7,685	-77,171	-79,838	-115,398	-111,387	-11,029	-142,485	-262,905	-239,698
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-112,099	-205,748	-87,745	-24,613	-47,031	-136,449	-7,685	-77,171	-79,838	-115,398	-111,387	-11,029	-142,485	-262,905	-239,698
Financing Activities
Bank loans	0	0	0	-69,406	-3,745	73,151	73,140	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-6,904	-91,829	-84,202	182,935	142,694	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-470,000	470,000	0	0	0	0	0	-8,351	-37,670	-39,654	12,140	73,535	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	595,445	0	0	0	0	0	0	0	0	1,046,750
interest	0	-768	-1,674	-1,145	0	-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	0	-236,635	148,688	87,947	0	-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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLUE MACHINERY (SPARES) LIMITED group structure

Blue Machinery (Spares) Limited has no subsidiary companies.

Ultimate parent company

BLUE MACHINERY (GROUP) LIMITED

04868103

1 parent

BLUE MACHINERY (SPARES) LIMITED

04597499

BLUE MACHINERY (SPARES) LIMITED Shareholders

blue machinery (group) plc

100%

Blue Machinery (Spares) Limited currently has 4 directors. The longest serving directors include Mr Brian Maxwell (Mar 2003) and Mr Patrick McGeary (Mar 2003).

officer	country	age	start	end	role
Mr Brian Maxwell		65 years	Mar 2003	-	Director
Mr Patrick McGeary	United Kingdom	72 years	Mar 2003	-	Director
Mr Austin Carey	Northern Ireland	53 years	Mar 2003	-	Director
Mr Eugene Donnelly	Northern Ireland	66 years	Mar 2003	-	Director

P&L

December 2023

turnover

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 2023

net assets

9.4m

+0.1%

total assets

11.8m

+0.04%

cash

2.5m

+0.19%

net assets

Total assets minus all liabilities

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company number

04597499

Type

Private limited with Share Capital

industry

08990 - Other mining and quarrying n.e.c.

incorporation date

November 2002

ultimate parent company

BLUE MACHINERY (GROUP) LIMITED

previous names

spares uk plc (June 2008)

address

appleton thorn trading estate, warrington, cheshire, WA4 4SN

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 Company Information

blue machinery (spares) limited Estimated Valuation

blue machinery (spares) limited Estimated Valuation

blue machinery (spares) limited Estimated Valuation

Blue Machinery (spares) Limited Overview

Blue Machinery (spares) Limited Health Check

BLUE MACHINERY (SPARES) LIMITED financials

blue machinery (spares) limited Credit Report and Business Information

Blue Machinery (spares) Limited Competitor Analysis

blue machinery (spares) limited Ownership

blue machinery (spares) limited directors

blue machinery (spares) limited company details

blue machinery (spares) limited Charges & Mortgages

blue machinery (spares) limited Companies House Filings - See Documents