bricks newco limited
bricks newco limited Company Information
Company Number
08047368
Registered Address
first floor 1 cranmore drive, shirley, solihull, B90 4RZ
Industry
Real estate agencies
Telephone
08008108008
Next Accounts Due
101 days late
Group Structure
View All
Shareholders
undisclosed 100%
bricks newco limited Estimated Valuation
Pomanda estimates the enterprise value of BRICKS NEWCO LIMITED at £222.3m based on a Turnover of £70m and 3.18x industry multiple (adjusted for size and gross margin).
bricks newco limited Estimated Valuation
Pomanda estimates the enterprise value of BRICKS NEWCO LIMITED at £0 based on an EBITDA of £-28.1m and a 10.5x industry multiple (adjusted for size and gross margin).
bricks newco limited Estimated Valuation
Pomanda estimates the enterprise value of BRICKS NEWCO LIMITED at £75.7m based on Net Assets of £43.6m and 1.74x industry multiple (adjusted for liquidity).
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Bricks Newco Limited Overview
Bricks Newco Limited is a live company located in solihull, B90 4RZ with a Companies House number of 08047368. It operates in the real estate agencies sector, SIC Code 68310. Founded in April 2012, it's largest shareholder is undisclosed with a 100% stake. Bricks Newco Limited is a established, large sized company, Pomanda has estimated its turnover at £70m with declining growth in recent years.
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Bricks Newco Limited Health Check
Pomanda's financial health check has awarded Bricks Newco Limited a 4.5 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
5 Strong
2 Regular
4 Weak
Size
annual sales of £70m, make it larger than the average company (£1.2m)
£70m - Bricks Newco Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (2.8%)
-15% - Bricks Newco Limited
2.8% - Industry AVG
Production
with a gross margin of 60.1%, this company has a higher cost of product (86.7%)
60.1% - Bricks Newco Limited
86.7% - Industry AVG
Profitability
an operating margin of -45.3% make it less profitable than the average company (11.9%)
-45.3% - Bricks Newco Limited
11.9% - Industry AVG
Employees
with 873 employees, this is above the industry average (16)
873 - Bricks Newco Limited
16 - Industry AVG
Pay Structure
on an average salary of £38.7k, the company has an equivalent pay structure (£39.2k)
£38.7k - Bricks Newco Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £80.2k, this is equally as efficient (£79.3k)
£80.2k - Bricks Newco Limited
£79.3k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (25 days)
17 days - Bricks Newco Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (40 days)
32 days - Bricks Newco Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bricks Newco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 82 weeks, this is more cash available to meet short term requirements (36 weeks)
82 weeks - Bricks Newco Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.7%, this is a lower level of debt than the average (62.9%)
38.7% - Bricks Newco Limited
62.9% - Industry AVG
bricks newco limited Credit Report and Business Information
Bricks Newco Limited Competitor Analysis
Perform a competitor analysis for bricks newco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bricks newco limited Ownership
BRICKS NEWCO LIMITED group structure
Bricks Newco Limited has 1 subsidiary company.
Ultimate parent company
BRICKS NEWCO LIMITED
08047368
1 subsidiary
bricks newco limited directors
Bricks Newco Limited currently has 2 directors. The longest serving directors include Ms Dominique Highfield (Nov 2022) and Mr Nicholas Pike (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Dominique Highfield | United Kingdom | 39 years | Nov 2022 | - | Director |
| Mr Nicholas Pike | United Kingdom | 61 years | Jul 2023 | - | Director |
BRICKS NEWCO LIMITED financials
Bricks Newco Limited's latest turnover from April 2022 is £70 million and the company has net assets of £43.6 million. According to their latest financial statements, Bricks Newco Limited has 873 employees and maintains cash reserves of £43.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 70,000,000 | 90,900,000 | 80,500,000 | 113,800,000 | 87,787,000 | 46,706,000 | 18,603,679 | 3,394,464 | 11,855 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 27,900,000 | 33,200,000 | 28,900,000 | 44,400,000 | 38,208,000 | 20,857,000 | 8,011,976 | 1,383,337 | 141,581 | |
| Gross Profit | 42,100,000 | 57,700,000 | 51,600,000 | 69,400,000 | 49,579,000 | 25,849,000 | 10,591,703 | 2,011,127 | -129,726 | |
| Admin Expenses | 73,800,000 | 49,500,000 | 57,300,000 | 70,900,000 | 77,337,000 | 31,859,000 | 22,528,543 | 7,438,440 | 2,203,003 | |
| Operating Profit | -31,700,000 | 8,200,000 | -5,700,000 | -1,500,000 | -27,758,000 | -6,010,000 | -11,936,840 | -5,427,313 | -2,332,729 | |
| Interest Payable | 3,300,000 | 4,700,000 | 4,000,000 | 4,200,000 | 1,724,000 | 0 | 0 | 8,467 | 3,915 | |
| Interest Receivable | 200,000 | 100,000 | 500,000 | 700,000 | 292,000 | 55,000 | 35,009 | 0 | 0 | |
| Pre-Tax Profit | -34,800,000 | 3,600,000 | -9,200,000 | -4,900,000 | -29,190,000 | -6,059,000 | -11,901,831 | -5,435,780 | -2,336,644 | |
| Tax | -7,200,000 | 300,000 | 1,000,000 | 1,300,000 | -887,000 | 3,054,000 | 0 | 0 | 265,884 | |
| Profit After Tax | -42,000,000 | 3,900,000 | -8,200,000 | -3,600,000 | -30,077,000 | -3,005,000 | -11,901,831 | -5,435,780 | -2,070,760 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -42,000,000 | 3,900,000 | -19,200,000 | -54,900,000 | -30,077,000 | -3,005,000 | -11,901,831 | -5,435,780 | -2,070,760 | |
| Employee Costs | 33,800,000 | 19,800,000 | 26,900,000 | 38,200,000 | 23,236,000 | 7,741,000 | 5,015,954 | 2,376,188 | 745,567 | |
| Number Of Employees | 873 | 501 | 948 | 1,241 | 569 | 211 | 103 | 48 | 15 | |
| EBITDA* | -28,100,000 | 11,500,000 | -2,400,000 | 3,000,000 | -26,077,000 | -5,470,000 | -11,774,372 | -5,371,493 | -2,326,215 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,500,000 | 27,600,000 | 34,000,000 | 19,800,000 | 4,122,000 | 3,805,000 | 217,386 | 63,207 | 36,314 | 0 |
| Intangible Assets | 5,400,000 | 6,600,000 | 38,700,000 | 41,400,000 | 7,040,000 | 5,363,000 | 370,847 | 137,893 | 54,727 | 0 |
| Investments & Other | 0 | 11,500,000 | 12,500,000 | 10,700,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 7,400,000 | 9,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,900,000 | 26,800,000 | 63,700,000 | 61,200,000 | 11,162,000 | 9,168,000 | 588,233 | 201,100 | 91,041 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,400,000 | 3,100,000 | 6,800,000 | 6,200,000 | 10,690,000 | 3,539,000 | 1,379,605 | 238,059 | 12,000 | 520,117 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 17,600,000 | 12,900,000 | 14,100,000 | 5,200,000 | 8,502,000 | 1,326,000 | 1,590,653 | 508,024 | 528,812 | 0 |
| Cash | 43,200,000 | 74,000,000 | 31,000,000 | 62,800,000 | 152,846,000 | 71,330,000 | 30,476,386 | 4,609,771 | 1,369,453 | 35,927 |
| misc current assets | 0 | 0 | 0 | 17,200,000 | 306,000 | 0 | 0 | 0 | 265,884 | 0 |
| total current assets | 64,200,000 | 90,000,000 | 51,900,000 | 91,400,000 | 172,344,000 | 76,195,000 | 33,446,644 | 5,355,854 | 2,176,149 | 556,044 |
| total assets | 71,100,000 | 116,800,000 | 115,600,000 | 152,600,000 | 183,506,000 | 85,363,000 | 34,034,877 | 5,556,954 | 2,267,190 | 556,044 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,500,000 | 3,600,000 | 3,200,000 | 11,300,000 | 8,206,000 | 3,573,000 | 2,728,709 | 552,862 | 596,444 | 555,944 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 5,500,000 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 200,000 | 400,000 | 700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 19,100,000 | 24,500,000 | 23,600,000 | 33,100,000 | 24,980,000 | 6,139,000 | 3,243,002 | 609,807 | 87,655 | 0 |
| total current liabilities | 27,300,000 | 28,500,000 | 27,600,000 | 44,400,000 | 33,186,000 | 9,712,000 | 5,971,711 | 1,162,669 | 684,099 | 555,944 |
| loans | 200,000 | 600,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 100,000 | 300,000 | 1,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 200,000 | 400,000 | 8,800,000 | 9,000,000 | 284,000 | 488,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 200,000 | 500,000 | 5,900,000 | 4,500,000 | 142,000 | 244,000 | 0 | 0 | 0 | 0 |
| total liabilities | 27,500,000 | 29,000,000 | 33,500,000 | 48,900,000 | 33,328,000 | 9,956,000 | 5,971,711 | 1,162,669 | 684,099 | 555,944 |
| net assets | 43,600,000 | 87,800,000 | 82,100,000 | 103,700,000 | 150,178,000 | 75,407,000 | 28,063,166 | 4,394,285 | 1,583,091 | 100 |
| total shareholders funds | 43,600,000 | 87,800,000 | 82,100,000 | 103,700,000 | 150,178,000 | 75,407,000 | 28,063,166 | 4,394,285 | 1,583,091 | 100 |
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -31,700,000 | 8,200,000 | -5,700,000 | -1,500,000 | -27,758,000 | -6,010,000 | -11,936,840 | -5,427,313 | -2,332,729 | |
| Depreciation | 900,000 | 800,000 | 800,000 | 800,000 | 425,000 | 167,000 | 61,159 | 15,757 | 4,950 | 0 |
| Amortisation | 2,700,000 | 2,500,000 | 2,500,000 | 3,700,000 | 1,256,000 | 373,000 | 101,309 | 40,063 | 1,564 | 0 |
| Tax | -7,200,000 | 300,000 | 1,000,000 | 1,300,000 | -887,000 | 3,054,000 | 0 | 0 | 265,884 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,400,000 | -6,500,000 | 18,500,000 | -7,792,000 | 14,327,000 | 1,894,742 | 2,224,175 | 205,271 | 20,695 | 520,117 |
| Creditors | -1,100,000 | 400,000 | -8,100,000 | 3,094,000 | 4,633,000 | 844,291 | 2,175,847 | -43,582 | 40,500 | 555,944 |
| Accruals and Deferred Income | -5,400,000 | 900,000 | -9,500,000 | 8,120,000 | 18,841,000 | 2,895,998 | 2,633,195 | 522,152 | 87,655 | 0 |
| Deferred Taxes & Provisions | -200,000 | -8,400,000 | -200,000 | 8,716,000 | -204,000 | 488,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -39,600,000 | 11,200,000 | -37,700,000 | 32,022,000 | -18,021,000 | -82,453 | -9,189,505 | -5,098,194 | -1,952,871 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -11,500,000 | -1,000,000 | 1,800,000 | 10,700,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 5,500,000 | -100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -400,000 | -2,400,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -400,000 | -1,400,000 | 2,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -3,100,000 | -4,600,000 | -3,500,000 | -3,500,000 | -1,432,000 | 55,000 | 35,009 | -8,467 | -3,915 | |
| cash flow from financing | -600,000 | -6,700,000 | -700,000 | 4,922,000 | 103,416,000 | 50,403,834 | 35,605,721 | 8,238,507 | 3,649,836 | |
| cash and cash equivalents | ||||||||||
| cash | -30,800,000 | 43,000,000 | -31,800,000 | -90,046,000 | 81,516,000 | 40,853,614 | 25,866,615 | 3,240,318 | 1,333,526 | 35,927 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -30,800,000 | 43,000,000 | -31,800,000 | -90,046,000 | 81,516,000 | 40,853,614 | 25,866,615 | 3,240,318 | 1,333,526 | 35,927 |
P&L
April 2022turnover
70m
-23%
operating profit
-31.7m
-487%
gross margin
60.2%
-5.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2022net assets
43.6m
-0.5%
total assets
71.1m
-0.39%
cash
43.2m
-0.42%
net assets
Total assets minus all liabilities
bricks newco limited company details
company number
08047368
Type
Private limited with Share Capital
industry
68310 - Real estate agencies
incorporation date
April 2012
age
12
accounts
Group
ultimate parent company
previous names
purplebricks group plc (June 2023)
new broom limited (December 2015)
incorporated
UK
address
first floor 1 cranmore drive, shirley, solihull, B90 4RZ
last accounts submitted
April 2022
bricks newco 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 did not find charges/mortgages relating to bricks newco limited.
bricks newco limited Companies House Filings - See Documents
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