focusrite plc
focusrite plc Company Information
Company Number
09312676
Website
www.focusriteplc.comRegistered Address
artisan hillbottom road, high wycombe, buckinghamshire, HP12 4HJ
Industry
Manufacture of other electrical equipment
Telephone
01494462246
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
philip stephen dudderidge 50%
jennifer anne dudderidge 50%
focusrite plc Estimated Valuation
Pomanda estimates the enterprise value of FOCUSRITE PLC at £323m based on a Turnover of £178.5m and 1.81x industry multiple (adjusted for size and gross margin).
focusrite plc Estimated Valuation
Pomanda estimates the enterprise value of FOCUSRITE PLC at £504.4m based on an EBITDA of £36.9m and a 13.68x industry multiple (adjusted for size and gross margin).
focusrite plc Estimated Valuation
Pomanda estimates the enterprise value of FOCUSRITE PLC at £270.8m based on Net Assets of £118.5m and 2.29x industry multiple (adjusted for liquidity).
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Focusrite Plc Overview
Focusrite Plc is a live company located in buckinghamshire, HP12 4HJ with a Companies House number of 09312676. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in November 2014, it's largest shareholder is philip stephen dudderidge with a 50% stake. Focusrite Plc is a established, mega sized company, Pomanda has estimated its turnover at £178.5m with healthy growth in recent years.
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Focusrite Plc Health Check
Pomanda's financial health check has awarded Focusrite Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
3 Regular
1 Weak
Size
annual sales of £178.5m, make it larger than the average company (£12.8m)
£178.5m - Focusrite Plc
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.2%)
11% - Focusrite Plc
4.2% - Industry AVG
Production
with a gross margin of 47.5%, this company has a lower cost of product (33.4%)
47.5% - Focusrite Plc
33.4% - Industry AVG
Profitability
an operating margin of 13.6% make it more profitable than the average company (6.9%)
13.6% - Focusrite Plc
6.9% - Industry AVG
Employees
with 543 employees, this is above the industry average (74)
543 - Focusrite Plc
74 - Industry AVG
Pay Structure
on an average salary of £52k, the company has an equivalent pay structure (£48.7k)
£52k - Focusrite Plc
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £328.7k, this is more efficient (£172.5k)
£328.7k - Focusrite Plc
£172.5k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (67 days)
58 days - Focusrite Plc
67 days - Industry AVG
Creditor Days
its suppliers are paid after 108 days, this is slower than average (48 days)
108 days - Focusrite Plc
48 days - Industry AVG
Stock Days
it holds stock equivalent to 215 days, this is more than average (117 days)
215 days - Focusrite Plc
117 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (14 weeks)
18 weeks - Focusrite Plc
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.8%, this is a similar level of debt than the average (42.7%)
43.8% - Focusrite Plc
42.7% - Industry AVG
FOCUSRITE PLC financials
Focusrite Plc's latest turnover from August 2023 is £178.5 million and the company has net assets of £118.5 million. According to their latest financial statements, Focusrite Plc has 543 employees and maintains cash reserves of £26.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 178,465,000 | 183,733,000 | 173,935,000 | 130,141,000 | 84,665,000 | 75,121,000 | 66,055,000 | 54,301,000 | 48,029,000 | 40,965,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 93,616,000 | 100,453,000 | 89,805,000 | 70,248,000 | 48,899,000 | 43,447,000 | 39,704,000 | 33,439,000 | 29,381,000 | 25,068,000 |
| Gross Profit | 84,849,000 | 83,280,000 | 84,130,000 | 59,893,000 | 35,766,000 | 31,674,000 | 26,351,000 | 20,862,000 | 18,648,000 | 15,897,000 |
| Admin Expenses | 60,506,000 | 54,619,000 | 48,356,000 | 51,959,000 | 22,954,000 | 19,732,000 | 16,881,000 | 13,722,000 | 12,328,000 | 10,187,000 |
| Operating Profit | 24,343,000 | 28,661,000 | 35,774,000 | 7,934,000 | 12,812,000 | 11,942,000 | 9,470,000 | 7,140,000 | 6,320,000 | 5,710,000 |
| Interest Payable | 2,365,000 | 487,000 | 784,000 | 945,000 | 45,000 | 40,000 | 44,000 | 339,000 | 0 | 0 |
| Interest Receivable | 770,000 | 2,375,000 | 48,000 | 36,000 | 246,000 | 4,000 | 2,000 | 6,000 | 111,000 | 59,000 |
| Pre-Tax Profit | 22,748,000 | 30,549,000 | 35,038,000 | 7,025,000 | 13,013,000 | 11,672,000 | 9,512,000 | 7,126,000 | 6,484,000 | 5,810,000 |
| Tax | -4,951,000 | -5,773,000 | -6,759,000 | -2,934,000 | -1,349,000 | -1,199,000 | -959,000 | -870,000 | -1,022,000 | -763,000 |
| Profit After Tax | 17,797,000 | 24,776,000 | 28,279,000 | 4,091,000 | 11,664,000 | 10,473,000 | 8,553,000 | 6,256,000 | 5,462,000 | 5,047,000 |
| Dividends Paid | 3,609,000 | 3,234,000 | 2,554,000 | 2,251,000 | 2,005,000 | 1,679,000 | 0 | 976,000 | 314,000 | 4,244,000 |
| Retained Profit | 14,188,000 | 21,542,000 | 25,725,000 | 1,840,000 | 9,659,000 | 8,794,000 | 7,415,000 | 5,280,000 | 5,148,000 | 803,000 |
| Employee Costs | 28,235,000 | 25,244,000 | 22,138,000 | 17,737,000 | 10,687,000 | 9,185,000 | 8,876,000 | 7,505,000 | 6,059,000 | 5,656,000 |
| Number Of Employees | 543 | 524 | 449 | 449 | 284 | 209 | 183 | 165 | 155 | 130 |
| EBITDA* | 36,881,000 | 40,767,000 | 45,922,000 | 16,401,000 | 16,462,000 | 15,486,000 | 13,109,000 | 9,712,000 | 8,596,000 | 7,594,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,561,000 | 12,746,000 | 3,894,000 | 4,082,000 | 1,602,000 | 1,275,000 | 1,369,000 | 1,575,000 | 1,323,000 | 973,000 |
| Intangible Assets | 82,847,000 | 75,692,000 | 59,120,000 | 48,256,000 | 24,103,000 | 6,039,000 | 4,963,000 | 4,792,000 | 3,941,000 | 3,035,000 |
| Investments & Other | 0 | 0 | 248,000 | 0 | 0 | 0 | 0 | 0 | 0 | 34,000 |
| Debtors (Due After 1 year) | 533,000 | 938,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 95,875,000 | 87,500,000 | 63,014,000 | 52,338,000 | 25,705,000 | 7,314,000 | 6,332,000 | 6,367,000 | 5,264,000 | 4,008,000 |
| Stock & work in progress | 55,256,000 | 48,340,000 | 20,749,000 | 19,372,000 | 15,182,000 | 11,391,000 | 8,334,000 | 11,361,000 | 8,633,000 | 6,596,000 |
| Trade Debtors | 28,617,000 | 26,887,000 | 11,750,000 | 15,373,000 | 0 | 10,558,000 | 11,203,000 | 9,603,000 | 6,463,000 | 5,994,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 13,762,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,767,000 | 1,633,000 | 3,025,000 | 1,356,000 | 4,426,000 | 2,752,000 | 1,749,000 | 1,621,000 | 1,274,000 | 373,000 |
| Cash | 26,787,000 | 12,758,000 | 17,339,000 | 14,975,000 | 15,505,000 | 22,811,000 | 14,174,000 | 5,606,000 | 6,173,000 | 3,803,000 |
| misc current assets | 491,000 | 0 | 716,000 | 271,000 | 0 | 100,000 | 0 | 0 | 223,000 | 118,000 |
| total current assets | 114,918,000 | 90,031,000 | 54,448,000 | 52,362,000 | 48,875,000 | 47,612,000 | 35,460,000 | 28,191,000 | 22,766,000 | 16,884,000 |
| total assets | 210,793,000 | 177,531,000 | 117,462,000 | 104,700,000 | 74,580,000 | 54,926,000 | 41,792,000 | 34,558,000 | 28,030,000 | 20,892,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 627,000 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 28,093,000 | 13,054,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 27,752,000 | 23,183,000 | 11,520,000 | 13,415,000 | 8,953,000 | 6,441,000 | 4,042,000 | 6,265,000 | 5,197,000 | 4,094,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 293,000 | 0 | 0 | 188,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 17,601,000 | 17,712,000 | 14,019,000 | 12,566,000 | 7,141,000 | 4,695,000 | 4,621,000 | 4,134,000 | 3,612,000 | 3,026,000 |
| total current liabilities | 73,446,000 | 54,242,000 | 25,539,000 | 25,981,000 | 16,909,000 | 11,136,000 | 8,663,000 | 10,399,000 | 8,809,000 | 7,120,000 |
| loans | 0 | 0 | 0 | 23,282,000 | 0 | 43,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 8,071,000 | 8,843,000 | 511,000 | 889,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 21,648,000 | 18,260,000 | 14,130,000 | 18,582,000 | 8,568,000 | 600,000 | 490,000 | 564,000 | 1,486,000 | 1,128,000 |
| total long term liabilities | 18,895,000 | 17,973,000 | 7,576,000 | 21,821,000 | 4,284,000 | 343,000 | 245,000 | 282,000 | 743,000 | 564,000 |
| total liabilities | 92,341,000 | 72,215,000 | 33,115,000 | 47,802,000 | 21,193,000 | 11,479,000 | 8,908,000 | 10,681,000 | 9,552,000 | 7,684,000 |
| net assets | 118,452,000 | 105,316,000 | 84,347,000 | 56,898,000 | 53,387,000 | 43,447,000 | 32,884,000 | 23,877,000 | 18,478,000 | 13,208,000 |
| total shareholders funds | 118,452,000 | 105,316,000 | 84,347,000 | 56,898,000 | 53,387,000 | 43,447,000 | 32,884,000 | 23,877,000 | 18,478,000 | 13,208,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 24,343,000 | 28,661,000 | 35,774,000 | 7,934,000 | 12,812,000 | 11,942,000 | 9,470,000 | 7,140,000 | 6,320,000 | 5,710,000 |
| Depreciation | 2,677,000 | 2,223,000 | 2,022,000 | 1,777,000 | 714,000 | 740,000 | 689,000 | 521,000 | 374,000 | 423,000 |
| Amortisation | 9,861,000 | 9,883,000 | 8,126,000 | 6,690,000 | 2,936,000 | 2,804,000 | 2,950,000 | 2,051,000 | 1,902,000 | 1,461,000 |
| Tax | -4,951,000 | -5,773,000 | -6,759,000 | -2,934,000 | -1,349,000 | -1,199,000 | -959,000 | -870,000 | -1,022,000 | -763,000 |
| Stock | 6,916,000 | 27,591,000 | 1,377,000 | 4,190,000 | 3,791,000 | 3,057,000 | -3,027,000 | 2,728,000 | 2,037,000 | 6,596,000 |
| Debtors | 3,459,000 | 14,683,000 | -1,954,000 | -1,459,000 | 4,878,000 | 358,000 | 1,728,000 | 3,487,000 | 1,370,000 | 6,367,000 |
| Creditors | 4,569,000 | 11,663,000 | -1,895,000 | 4,462,000 | 2,512,000 | 2,399,000 | -2,223,000 | 1,068,000 | 1,103,000 | 4,094,000 |
| Accruals and Deferred Income | -111,000 | 3,693,000 | 1,453,000 | 5,425,000 | 2,446,000 | 74,000 | 487,000 | 522,000 | 586,000 | 3,026,000 |
| Deferred Taxes & Provisions | 3,388,000 | 4,130,000 | -4,452,000 | 10,014,000 | 7,968,000 | 110,000 | -74,000 | -922,000 | 358,000 | 1,128,000 |
| Cash flow from operations | 29,401,000 | 12,206,000 | 34,846,000 | 30,637,000 | 19,370,000 | 13,455,000 | 11,639,000 | 3,295,000 | 6,214,000 | 2,116,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | -248,000 | 248,000 | 0 | 0 | 0 | 0 | 0 | -34,000 | 34,000 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 15,039,000 | 13,054,000 | 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 | -293,000 | 293,000 | 0 | -188,000 | 188,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -23,282,000 | 23,282,000 | -43,000 | 43,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -772,000 | 8,332,000 | -378,000 | 889,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -1,595,000 | 1,888,000 | -736,000 | -909,000 | 201,000 | -36,000 | -42,000 | -333,000 | 111,000 | 59,000 |
| cash flow from financing | 11,327,000 | 22,994,000 | -22,672,000 | 24,745,000 | 627,000 | 1,776,000 | 1,550,000 | -214,000 | 233,000 | 12,464,000 |
| cash and cash equivalents | ||||||||||
| cash | 14,029,000 | -4,581,000 | 2,364,000 | -530,000 | -7,306,000 | 8,637,000 | 8,568,000 | -567,000 | 2,370,000 | 3,803,000 |
| overdraft | 0 | 0 | 0 | -627,000 | 627,000 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 14,029,000 | -4,581,000 | 2,364,000 | 97,000 | -7,933,000 | 8,637,000 | 8,568,000 | -567,000 | 2,370,000 | 3,803,000 |
focusrite plc Credit Report and Business Information
Focusrite Plc Competitor Analysis
Perform a competitor analysis for focusrite plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
focusrite plc Ownership
FOCUSRITE PLC group structure
Focusrite Plc has 4 subsidiary companies.
Ultimate parent company
FOCUSRITE PLC
09312676
4 subsidiaries
focusrite plc directors
Focusrite Plc currently has 6 directors. The longest serving directors include Mr Philip Dudderidge (Nov 2014) and Mr David Bezem (Dec 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Dudderidge | England | 75 years | Nov 2014 | - | Director |
| Mr David Bezem | 63 years | Dec 2014 | - | Director | |
| Mr Timothy Carroll | England | 62 years | Jan 2017 | - | Director |
| Ms Naomi Climer | England | 59 years | May 2018 | - | Director |
| Mrs Sally McKone | 56 years | Mar 2021 | - | Director | |
| Mr Michael Butterworth | United Kingdom | 63 years | Jan 2022 | - | Director |
P&L
August 2023turnover
178.5m
-3%
operating profit
24.3m
-15%
gross margin
47.6%
+4.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
118.5m
+0.12%
total assets
210.8m
+0.19%
cash
26.8m
+1.1%
net assets
Total assets minus all liabilities
focusrite plc company details
company number
09312676
Type
Public limited with Share Capital
industry
27900 - Manufacture of other electrical equipment
incorporation date
November 2014
age
10
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
artisan hillbottom road, high wycombe, buckinghamshire, HP12 4HJ
last accounts submitted
August 2023
focusrite plc 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 7 charges/mortgages relating to focusrite plc. Currently there are 6 open charges and 1 have been satisfied in the past.
focusrite plc Companies House Filings - See Documents
| date | description | view/download |
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