briggs metals limited

briggs metals limited Company Information

Share BRIGGS METALS LIMITED
Live 
EstablishedMidHigh

Company Number

05821629

Industry

Recovery of sorted materials

 

Shareholders

bill briggs-price

eleanore kadie briggs-price

Group Structure

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Contact

Registered Address

the yard great north road, newark, notts, NG24 1DP

briggs metals limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of BRIGGS METALS LIMITED at £3.7m based on a Turnover of £5.8m and 0.64x industry multiple (adjusted for size and gross margin).

briggs metals limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of BRIGGS METALS LIMITED at £4.2m based on an EBITDA of £1m and a 4.18x industry multiple (adjusted for size and gross margin).

briggs metals limited Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of BRIGGS METALS LIMITED at £7.5m based on Net Assets of £3.2m and 2.34x industry multiple (adjusted for liquidity).

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Briggs Metals Limited Overview

Briggs Metals Limited is a live company located in notts, NG24 1DP with a Companies House number of 05821629. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in May 2006, it's largest shareholder is bill briggs-price with a 50% stake. Briggs Metals Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.8m with high growth in recent years.

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Briggs Metals Limited Health Check

Pomanda's financial health check has awarded Briggs Metals Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £5.8m, make it smaller than the average company (£13.9m)

£5.8m - Briggs Metals Limited

£13.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (11.1%)

20% - Briggs Metals Limited

11.1% - Industry AVG

production

Production

with a gross margin of 22.8%, this company has a comparable cost of product (22.8%)

22.8% - Briggs Metals Limited

22.8% - Industry AVG

profitability

Profitability

an operating margin of 10.5% make it more profitable than the average company (6.1%)

10.5% - Briggs Metals Limited

6.1% - Industry AVG

employees

Employees

with 38 employees, this is similar to the industry average (35)

38 - Briggs Metals Limited

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.3k, the company has an equivalent pay structure (£39.3k)

£39.3k - Briggs Metals Limited

£39.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £152.9k, this is less efficient (£347k)

£152.9k - Briggs Metals Limited

£347k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (37 days)

22 days - Briggs Metals Limited

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 12 days, this is quicker than average (33 days)

12 days - Briggs Metals Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 54 days, this is more than average (17 days)

54 days - Briggs Metals Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 84 weeks, this is more cash available to meet short term requirements (13 weeks)

84 weeks - Briggs Metals Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24.3%, this is a lower level of debt than the average (51.7%)

24.3% - Briggs Metals Limited

51.7% - Industry AVG

BRIGGS METALS LIMITED financials

EXPORTms excel logo

Briggs Metals Limited's latest turnover from December 2023 is estimated at £5.8 million and the company has net assets of £3.2 million. According to their latest financial statements, Briggs Metals Limited has 38 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,811,3174,009,7124,559,3283,342,1434,246,4954,238,7064,296,0523,542,9632,718,2783,670,5936,892,9515,582,2915,688,4989,333,3346,944,0470
Other Income Or Grants0000000000000000
Cost Of Sales4,489,5313,052,1563,447,6782,555,5483,279,1283,308,3623,322,2912,745,9912,134,9222,979,7385,598,4044,581,0924,680,5737,411,5455,253,6140
Gross Profit1,321,786957,5561,111,650786,595967,367930,344973,761796,972583,356690,8551,294,5471,001,1991,007,9251,921,7881,690,4340
Admin Expenses708,682-285,088-23,767444,1701,379,2011,670,922467,817271,047403,423622,7231,245,354989,4251,112,4161,864,3931,615,860-38,386
Operating Profit613,1041,242,6441,135,417342,425-411,834-740,578505,944525,925179,93368,13249,19311,774-104,49157,39574,57438,386
Interest Payable38,99439,65430,85738,28546,92148,55142,81338,06628,71111,274000000
Interest Receivable78,18149,6931,42813361232040163791638111810968
Pre-Tax Profit652,2911,252,6831,105,988304,273-458,695-789,106463,152487,899151,23856,89449,28511,836-104,41057,51274,68338,454
Tax-163,073-238,010-210,138-57,81200-87,999-92,701-30,247-11,379-10,350-2,7220-14,953-20,911-10,767
Profit After Tax489,2181,014,673895,850246,461-458,695-789,106375,153395,198120,99045,51538,9359,114-104,41042,55953,77227,687
Dividends Paid0000000000000000
Retained Profit489,2181,014,673895,850246,461-458,695-789,106375,153395,198120,99045,51538,9359,114-104,41042,55953,77227,687
Employee Costs1,494,0031,273,0241,068,069972,2181,004,6641,081,269927,938739,009677,151513,925906,944533,317538,7281,160,7861,188,7580
Number Of Employees3835333031332924231831181838390
EBITDA*1,006,8291,616,5851,516,450656,225-242,730-558,654849,536785,782373,889209,663263,624255,527187,212488,690414,396351,060

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,026,3571,152,8031,158,618827,084955,3831,066,8061,081,6991,020,8731,069,598918,421184,892335,563479,674551,887540,330738,827
Intangible Assets0000000000000000
Investments & Other0000000007,9480061,913055,61744,859
Debtors (Due After 1 year)000000000073,19363,7340000
Total Fixed Assets1,026,3571,152,8031,158,618827,084955,3831,066,8061,081,6991,020,8731,069,598926,369258,085399,297541,587551,887595,947783,686
Stock & work in progress664,985253,022518,211445,307274,869265,723638,435464,423353,767125,870456,375382,102275,904790,217415,571366,133
Trade Debtors363,47373,999254,50465,420314,019164,193203,008214,60648,283225,966453,915306,142375,947525,945469,755351,717
Group Debtors0000000000000000
Misc Debtors1,130,651651,810297,190344,999357,431433,331459,137311,485388,238242,599000000
Cash1,030,1431,948,164891,421250,61115,5895,5275594,85911,1241,48113,17323,3981,68630,51916,52627,076
misc current assets0000000000000000
total current assets3,189,2522,926,9951,961,3261,106,337961,908868,7741,301,139995,373801,412595,916923,463711,642653,5371,346,681901,852744,926
total assets4,215,6094,079,7983,119,9441,933,4211,917,2911,935,5802,382,8382,016,2461,871,0101,522,2851,181,5481,110,9391,195,1241,898,5681,497,7991,528,612
Bank overdraft70,52971,48547,26479,139469,905507,829397,948309,797263,058119,893000000
Bank loan0000000000000000
Trade Creditors 154,955249,245400,602170,965289,445407,668135,207167,771175,758586,835906,667962,674981,9271,627,1041,416,2401,167,181
Group/Directors Accounts00000071267400000000
other short term finances0000000000000000
hp & lease commitments0000000000000000
other current liabilities407,189578,553432,690408,404287,614412,806446,807380,458520,221155,434000000
total current liabilities632,673899,283880,556658,5081,046,9641,328,303980,674858,700959,037862,162906,667962,674981,9271,627,1041,416,2401,167,181
loans241,165310,053406,020454,986251,223261,587271,180289,603308,802227,013000000
hp & lease commitments0000000000000000
Accruals and Deferred Income0000000000000000
other liabilities61,87591,575125,27621,81061,720106,904109,203219,087348,068319,838207,124119,443193,489147,3460333,644
provisions87,77675,98519,8635,73811,46623,27917,16819,39620,8410000000
total long term liabilities390,816477,613551,159482,534324,409391,770397,551528,086677,711546,851207,124119,443193,489147,3460333,644
total liabilities1,023,4891,376,8961,431,7151,141,0421,371,3731,720,0731,378,2251,386,7861,636,7481,409,0131,113,7911,082,1171,175,4161,774,4501,416,2401,500,825
net assets3,192,1202,702,9021,688,229792,379545,918215,5071,004,613629,460234,262113,27267,75728,82219,708124,11881,55927,787
total shareholders funds3,192,1202,702,9021,688,229792,379545,918215,5071,004,613629,460234,262113,27267,75728,82219,708124,11881,55927,787
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit613,1041,242,6441,135,417342,425-411,834-740,578505,944525,925179,93368,13249,19311,774-104,49157,39574,57438,386
Depreciation393,725373,941381,033313,800169,104181,924343,592259,857193,956141,531214,431243,753291,703431,295339,822312,674
Amortisation0000000000000000
Tax-163,073-238,010-210,138-57,81200-87,999-92,701-30,247-11,379-10,350-2,7220-14,953-20,911-10,767
Stock411,963-265,18972,904170,438-363,566-372,712174,012110,656227,897-330,50574,273106,198-514,313374,64649,438366,133
Debtors768,315174,115141,275-261,0319,305-64,621136,05489,570-32,044-58,543157,232-6,071-149,99856,190118,038351,717
Creditors-94,290-151,357229,637-118,480154,238272,461-32,564-7,987-411,077-319,832-56,007-19,253-645,177210,864249,0591,167,181
Accruals and Deferred Income-171,364145,86324,286120,790-159,193-34,00166,349-139,763364,787155,434000000
Deferred Taxes & Provisions11,79156,12214,125-5,728-5,7026,111-2,228-1,44520,8410000000
Cash flow from operations-590,3851,520,2771,360,181685,588100,874123,250483,028343,660122,340422,934-34,238133,425206,346253,765475,068789,624
Investing Activities
capital expenditure-267,279-368,126-712,567-185,501-42,788-167,031-404,418-211,132-345,133-875,060-63,760-99,642-219,490-442,852-141,325-1,051,501
Change in Investments00000000-7,9487,9480-61,91361,913-55,61710,75844,859
cash flow from investments-267,279-368,126-712,567-185,501-42,788-167,031-404,418-211,132-337,185-883,008-63,760-37,729-281,403-387,235-152,083-1,096,360
Financing Activities
Bank loans0000000000000000
Group/Directors Accounts0000-712-7123867400000000
Other Short Term Loans 0000000000000000
Long term loans-68,888-95,967-48,966203,763-19,957-9,593-18,423-19,19981,789227,013000000
Hire Purchase and Lease Commitments0000000000000000
other long term liabilities-29,700-33,701103,466-39,910-47,483-2,299-109,884-128,98128,230112,71487,681-74,04646,143147,346-333,644333,644
share issue000000000000000100
interest39,18710,039-29,429-38,152-46,860-48,528-42,793-38,026-28,695-11,23791638111810968
cash flow from financing-59,401-119,62925,071125,701-115,012-61,132-171,062-185,53281,324328,49087,772-73,98346,224147,464-333,535333,812
cash and cash equivalents
cash-918,0211,056,743640,810235,02215,0304,968-4,300-6,2659,643-11,692-10,22521,712-28,83313,993-10,55027,076
overdraft-95624,221-31,875-390,76671,957109,88188,15146,739143,165119,893000000
change in cash-917,0651,032,522672,685625,788-56,927-104,913-92,451-53,004-133,522-131,585-10,22521,712-28,83313,993-10,55027,076

briggs metals limited 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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Briggs Metals Limited Competitor Analysis

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Perform a competitor analysis for briggs metals limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in NG24 area or any other competitors across 12 key performance metrics.

briggs metals limited Ownership

BRIGGS METALS LIMITED group structure

Briggs Metals Limited has no subsidiary companies.

Ultimate parent company

BRIGGS METALS LIMITED

05821629

BRIGGS METALS LIMITED Shareholders

bill briggs-price 50%
eleanore kadie briggs-price 50%

briggs metals limited directors

Briggs Metals Limited currently has 1 director, Mr Bill Briggs-Price serving since May 2006.

officercountryagestartendrole
Mr Bill Briggs-PriceUnited Kingdom57 years May 2006- Director

P&L

December 2023

turnover

5.8m

+45%

operating profit

613.1k

0%

gross margin

22.8%

-4.76%

turnover

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

Balance Sheet

December 2023

net assets

3.2m

+0.18%

total assets

4.2m

+0.03%

cash

1m

-0.47%

net assets

Total assets minus all liabilities

briggs metals limited company details

company number

05821629

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

May 2006

age

19

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

the yard great north road, newark, notts, NG24 1DP

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

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

briggs metals 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.

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briggs metals limited Companies House Filings - See Documents

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