Close Brothers Rail Limited

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close brothers rail limited Company Information

Live

MatureMidHigh

Company Number

05090897

Website

www.close-brothers.net

Registered Address

dovedale house hurricane way, wickford, essex, SS11 8YB

Industry

Construction of railways and underground railways

Telephone

01268578520

Next Accounts Due

January 2025

Group Structure

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Directors

Anthony Close20 Years

Martin Close20 Years

View All

Shareholders

anthony close 50%

martin close 50%

close brothers rail limited Estimated Valuation

£9.5m

Pomanda estimates the enterprise value of CLOSE BROTHERS RAIL LIMITED at £9.5m based on Net Assets of £6.3m and 1.52x industry multiple (adjusted for liquidity).

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Close Brothers Rail Limited is a live company located in essex, SS11 8YB with a Companies House number of 05090897. It operates in the construction of railways and underground railways sector, SIC Code 42120. Founded in April 2004, it's largest shareholder is anthony close with a 50% stake. Close Brothers Rail Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with high growth in recent years.

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Pomanda's financial health check has awarded Close Brothers Rail Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £7.3m, make it larger than the average company (£112.5k)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.3%)

EXPORT

Close Brothers Rail Limited's latest turnover from April 2023 is estimated at £7.3 million and the company has net assets of £6.3 million. According to their latest financial statements, Close Brothers Rail Limited has 41 employees and maintains cash reserves of £952.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	7,334,480	6,301,587	6,465,045	4,625,703	5,553,784	3,966,871	3,593,209	3,502,524	8,826,880	9,536,481	7,816,198	8,424,377	8,980,319	7,711,452
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,927,970	4,695,191	4,113,902	3,213,325	2,255,002	2,030,026	2,362,966	2,641,752	6,619,803	7,467,462	6,026,415	7,062,984	6,854,586	6,393,823
Gross Profit	2,406,510	1,606,396	2,351,143	1,412,379	3,298,782	1,936,845	1,230,243	860,772	2,207,077	2,069,019	1,789,783	1,361,393	2,125,734	1,317,629
Admin Expenses	1,527,400	468,534	1,427,324	143,705	2,713,049	864,021	2,605,690	-478,168	1,521,181	1,861,627	2,211,004	953,077	1,512,058	698,255
Operating Profit	879,110	1,137,862	923,819	1,268,674	585,733	1,072,824	-1,375,447	1,338,940	685,896	207,392	-421,221	408,316	613,676	619,374
Interest Payable	38,936	32,599	25,756	24,639	34,780	37,638	41,257	33,611	11,490	0	0	0	0	0
Interest Receivable	69,589	16,572	2,104	1,303	1,853	300	2,063	5,174	3,099	3,216	2,884	3,028	1,956	346
Pre-Tax Profit	909,763	1,121,836	900,167	1,245,338	552,806	1,035,486	-1,414,642	1,310,503	677,505	210,609	-418,337	411,345	615,632	619,719
Tax	-227,441	-213,149	-171,032	-236,614	-105,033	-196,742	0	-262,100	-135,501	-44,228	0	-98,723	-160,064	-173,521
Profit After Tax	682,322	908,687	729,135	1,008,724	447,773	838,744	-1,414,642	1,048,402	542,004	166,381	-418,337	312,622	455,568	446,198
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	682,322	908,687	729,135	1,008,724	447,773	838,744	-1,414,642	1,048,402	542,004	166,381	-418,337	312,622	455,568	446,198
Employee Costs	1,782,507	2,372,148	2,245,681	2,320,992	2,240,685	2,353,702	2,306,900	1,033,710	2,484,302	3,264,475	2,595,555	2,972,438	3,035,563	2,334,561
Number Of Employees	41	48	48	48	45	46	47	21	51	62	49	60	63	45
EBITDA*	1,155,102	1,391,429	1,210,022	1,521,356	795,652	1,289,508	-1,179,890	1,568,294	914,789	383,745	-291,036	521,386	727,962	707,486

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	2,797,206	2,732,436	2,634,428	2,517,421	2,190,909	2,243,633	2,148,854	1,744,906	1,746,019	1,608,926	1,596,441	505,563	464,963	420,290
Intangible Assets	0	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
Debtors (Due After 1 year)	2,117,352	1,351,601	1,171,644	588,839	418,074	1,652,920	2,000,000	2,016,359	0	0	0	0	0	0
Total Fixed Assets	4,914,558	4,084,037	3,806,072	3,106,260	2,608,983	3,896,553	4,148,854	3,761,265	1,746,019	1,608,926	1,596,441	505,563	464,963	420,290
Stock & work in progress	140,000	115,000	107,000	75,000	324,715	147,000	176,500	185,500	125,750	121,009	125,172	112,650	97,930	145,252
Trade Debtors	2,222,654	1,137,428	1,497,678	851,583	1,119,996	121,455	630	24	1,372,660	746,444	853,175	1,602,054	1,066,037	846,725
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	977,627	753,883	265,523	80,147	36,527	30,910	25,458	38,227	0	0	0	0	0	0
Cash	952,209	2,322,576	2,096,641	2,111,737	494,200	0	119,931	1,530,394	539,231	700,222	586,325	567,206	644,177	138,277
misc current assets	0	0	0	0	0	530,362	0	0	0	0	0	0	0	0
total current assets	4,292,490	4,328,887	3,966,842	3,118,467	1,975,438	829,727	322,519	1,754,145	2,037,641	1,567,675	1,564,672	2,281,910	1,808,144	1,130,254
total assets	9,207,048	8,412,924	7,772,914	6,224,727	4,584,421	4,726,280	4,471,373	5,515,410	3,783,660	3,176,601	3,161,113	2,787,473	2,273,107	1,550,544
Bank overdraft	96,358	77,379	23,959	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	451,595	508,170	782,017	388,573	424,145	491,139	685,861	627,862	1,143,480	1,800,599	2,003,693	1,257,869	1,024,795	846,599
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	373,941	353,282	258,312	145,938	168,804	111,586	80,193	0	0	0	0	0	0	0
other current liabilities	995,064	841,507	806,613	888,712	287,262	772,390	1,148,115	1,228,089	0	0	0	0	0	0
total current liabilities	1,916,958	1,780,338	1,870,901	1,423,223	880,211	1,375,115	1,914,169	1,855,951	1,143,480	1,800,599	2,003,693	1,257,869	1,024,795	846,599
loans	246,145	339,849	524,699	295,813	512,027	518,494	639,588	680,651	353,537	0	0	0	0	0
hp & lease commitments	497,984	475,126	497,612	373,021	95,966	176,683	112,070	352,374	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	782,205	413,568	361,367	315,214	346,544	257,745
provisions	276,163	230,135	200,913	183,016	155,287	162,831	151,133	73,594	0	0	0	0	0	0
total long term liabilities	1,020,292	1,045,110	1,223,224	851,850	763,280	858,008	902,791	1,106,619	1,135,742	413,568	361,367	315,214	346,544	257,745
total liabilities	2,937,250	2,825,448	3,094,125	2,275,073	1,643,491	2,233,123	2,816,960	2,962,570	2,279,222	2,214,167	2,365,060	1,573,083	1,371,339	1,104,344
net assets	6,269,798	5,587,476	4,678,789	3,949,654	2,940,930	2,493,157	1,654,413	2,552,840	1,504,438	962,434	796,053	1,214,390	901,768	446,200
total shareholders funds	6,269,798	5,587,476	4,678,789	3,949,654	2,940,930	2,493,157	1,654,413	2,552,840	1,504,438	962,434	796,053	1,214,390	901,768	446,200

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	879,110	1,137,862	923,819	1,268,674	585,733	1,072,824	-1,375,447	1,338,940	685,896	207,392	-421,221	408,316	613,676	619,374
Depreciation	275,992	253,567	286,203	252,682	209,919	216,684	195,557	229,354	228,893	176,353	130,185	113,070	114,286	88,112
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-227,441	-213,149	-171,032	-236,614	-105,033	-196,742	0	-262,100	-135,501	-44,228	0	-98,723	-160,064	-173,521
Stock	25,000	8,000	32,000	-249,715	177,715	-29,500	-9,000	59,750	4,741	-4,163	12,522	14,720	-47,322	145,252
Debtors	2,074,721	308,067	1,414,276	-54,028	-230,688	-220,803	-28,522	681,950	626,216	-106,731	-748,879	536,017	219,312	846,725
Creditors	-56,575	-273,847	393,444	-35,572	-66,994	-194,722	57,999	-515,618	-657,119	-203,094	745,824	233,074	178,196	846,599
Accruals and Deferred Income	153,557	34,894	-82,099	601,450	-485,128	-375,725	-79,974	1,228,089	0	0	0	0	0	0
Deferred Taxes & Provisions	46,028	29,222	17,897	27,729	-7,544	11,698	77,539	73,594	0	0	0	0	0	0
Cash flow from operations	-1,029,050	652,482	-78,044	2,182,092	183,926	784,320	-1,086,804	1,350,559	-508,788	247,317	1,191,145	105,000	574,104	388,587
Investing Activities
capital expenditure	-340,762	-351,575	-403,210	-579,194	-157,195	-311,463	-599,505	-228,241	-365,986	-188,838	-1,221,063	-153,670	-158,959	-508,402
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-340,762	-351,575	-403,210	-579,194	-157,195	-311,463	-599,505	-228,241	-365,986	-188,838	-1,221,063	-153,670	-158,959	-508,402
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-93,704	-184,850	228,886	-216,214	-6,467	-121,094	-41,063	327,114	353,537	0	0	0	0	0
Hire Purchase and Lease Commitments	43,517	72,484	236,965	254,189	-23,499	96,006	-160,111	352,374	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-782,205	368,637	52,201	46,153	-31,330	88,799	257,745
share issue	0	0	0	0	0	0	516,215	0	0	0	0	0	0	2
interest	30,653	-16,027	-23,652	-23,336	-32,927	-37,338	-39,194	-28,437	-8,391	3,216	2,884	3,028	1,956	346
cash flow from financing	-19,534	-128,393	442,199	14,639	-62,893	-62,426	275,847	-131,154	713,783	55,417	49,037	-28,302	90,755	258,093
cash and cash equivalents
cash	-1,370,367	225,935	-15,096	1,617,537	494,200	-119,931	-1,410,463	991,163	-160,991	113,897	19,119	-76,971	505,900	138,277
overdraft	18,979	53,420	23,959	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,389,346	172,515	-39,055	1,617,537	494,200	-119,931	-1,410,463	991,163	-160,991	113,897	19,119	-76,971	505,900	138,277

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLOSE BROTHERS RAIL LIMITED group structure

Close Brothers Rail Limited has no subsidiary companies.

Ultimate parent company

CLOSE BROTHERS RAIL LIMITED

05090897

CLOSE BROTHERS RAIL LIMITED Shareholders

anthony close	50%
martin close	50%

Close Brothers Rail Limited currently has 3 directors. The longest serving directors include Mr Anthony Close (Apr 2004) and Mr Martin Close (Apr 2004).

officer	country	age	start	end	role
Mr Anthony Close	United Kingdom	52 years	Apr 2004	-	Director
Mr Martin Close	England	54 years	Apr 2004	-	Director
Mr Paul Dean	England	46 years	Jul 2013	-	Director

P&L

April 2023

turnover

7.3m

+16%

operating profit

879.1k

gross margin

32.9%

+28.71%

turnover

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

Balance Sheet

April 2023

net assets

6.3m

+0.12%

total assets

9.2m

+0.09%

cash

952.2k

-0.59%

net assets

Total assets minus all liabilities

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company number

05090897

Type

Private limited with Share Capital

industry

42120 - Construction of railways and underground railways

incorporation date

April 2004

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

dovedale house hurricane way, wickford, essex, SS11 8YB

last accounts submitted

April 2023

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 2 charges/mortgages relating to close brothers rail limited. Currently there are 2 open charges and 0 have been satisfied in the past.

close brothers rail limited Company Information

close brothers rail limited Estimated Valuation

close brothers rail limited Estimated Valuation

close brothers rail limited Estimated Valuation

Close Brothers Rail Limited Overview

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CLOSE BROTHERS RAIL LIMITED financials

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close brothers rail limited Ownership

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