ibstock plc
ibstock plc Company Information
Company Number
09760850
Next Accounts
Jun 2025
Shareholders
elemental company secretary limited
Group Structure
View All
Industry
Manufacture of bricks, tiles and construction products, in baked clay
Registered Address
leicester road, ibstock, leicestershire, LE67 6HS
Website
https://www.ibstockplc.co.ukibstock plc Estimated Valuation
Pomanda estimates the enterprise value of IBSTOCK PLC at £431.3m based on a Turnover of £405.8m and 1.06x industry multiple (adjusted for size and gross margin).
ibstock plc Estimated Valuation
Pomanda estimates the enterprise value of IBSTOCK PLC at £454.9m based on an EBITDA of £65.8m and a 6.91x industry multiple (adjusted for size and gross margin).
ibstock plc Estimated Valuation
Pomanda estimates the enterprise value of IBSTOCK PLC at £780.9m based on Net Assets of £399.9m and 1.95x industry multiple (adjusted for liquidity).
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Ibstock Plc Overview
Ibstock Plc is a live company located in leicestershire, LE67 6HS with a Companies House number of 09760850. It operates in the manufacture of bricks, tiles and construction products, in baked clay sector, SIC Code 23320. Founded in September 2015, it's largest shareholder is elemental company secretary limited with a 100% stake. Ibstock Plc is a established, mega sized company, Pomanda has estimated its turnover at £405.8m with healthy growth in recent years.
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Ibstock Plc Health Check
Pomanda's financial health check has awarded Ibstock Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £405.8m, make it larger than the average company (£72.9m)
£405.8m - Ibstock Plc
£72.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.8%)
9% - Ibstock Plc
7.8% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (33%)
28.3% - Ibstock Plc
33% - Industry AVG
Profitability
an operating margin of 8.6% make it less profitable than the average company (14.8%)
8.6% - Ibstock Plc
14.8% - Industry AVG
Employees
with 2189 employees, this is above the industry average (339)
2189 - Ibstock Plc
339 - Industry AVG
Pay Structure
on an average salary of £53.5k, the company has an equivalent pay structure (£48.8k)
£53.5k - Ibstock Plc
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £185.4k, this is less efficient (£226.4k)
£185.4k - Ibstock Plc
£226.4k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (37 days)
28 days - Ibstock Plc
37 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (38 days)
55 days - Ibstock Plc
38 days - Industry AVG
Stock Days
it holds stock equivalent to 149 days, this is more than average (115 days)
149 days - Ibstock Plc
115 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (14 weeks)
10 weeks - Ibstock Plc
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47%, this is a similar level of debt than the average (43.4%)
47% - Ibstock Plc
43.4% - Industry AVG
IBSTOCK PLC financials
Ibstock Plc's latest turnover from December 2023 is £405.8 million and the company has net assets of £399.9 million. According to their latest financial statements, Ibstock Plc has 2,189 employees and maintains cash reserves of £23.9 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 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 405,839,000 | 512,886,000 | 408,656,000 | 316,172,000 | 409,257,000 | 391,402,000 | 362,589,000 | 434,687,000 | 358,331,000 |
| Other Income Or Grants | -680,000 | 3,495,000 | -32,062,000 | ||||||
| Cost Of Sales | 290,883,000 | 315,841,000 | 267,662,000 | 235,667,000 | 250,008,000 | 236,994,000 | 213,256,000 | 268,554,000 | 229,564,000 |
| Gross Profit | 114,956,000 | 196,365,000 | 144,489,000 | 48,443,000 | 159,249,000 | 154,408,000 | 149,333,000 | 166,133,000 | 128,767,000 |
| Admin Expenses | 79,925,000 | 88,938,000 | 74,555,000 | 68,055,000 | 75,226,000 | 58,417,000 | 60,910,000 | 52,187,000 | -26,428,000 |
| Operating Profit | 35,031,000 | 107,427,000 | 69,934,000 | -19,612,000 | 84,023,000 | 95,991,000 | 88,423,000 | 113,946,000 | 155,195,000 |
| Interest Payable | 5,932,000 | 4,553,000 | 5,831,000 | 6,105,000 | 4,737,000 | 11,195,000 | 5,809,000 | 69,889,000 | |
| Interest Receivable | 968,000 | 1,890,000 | 839,000 | 1,777,000 | 2,703,000 | 1,262,000 | 732,000 | 16,000 | |
| Pre-Tax Profit | 30,067,000 | 104,764,000 | 64,942,000 | -23,940,000 | 81,991,000 | 92,516,000 | 77,660,000 | 110,861,000 | 86,252,000 |
| Tax | -9,007,000 | -17,884,000 | -33,129,000 | -4,081,000 | -15,516,000 | -16,102,000 | -12,594,000 | -20,498,000 | 7,715,000 |
| Profit After Tax | 21,060,000 | 86,880,000 | 31,813,000 | -28,021,000 | 66,475,000 | 76,414,000 | 65,066,000 | 90,363,000 | 93,967,000 |
| Dividends Paid | 33,701,000 | 16,780,000 | 60,068,000 | 65,031,000 | 32,098,000 | ||||
| Retained Profit | 21,060,000 | 53,207,000 | 15,033,000 | -28,021,000 | 6,407,000 | 11,383,000 | 41,452,000 | 90,363,000 | 93,967,000 |
| Employee Costs | 117,065,000 | 125,439,000 | 105,891,000 | 87,548,000 | 104,307,000 | 134,471,000 | 89,281,000 | 123,570,000 | 97,114,000 |
| Number Of Employees | 2,189 | 2,265 | 2,106 | 2,249 | 2,310 | 2,668 | 2,052 | 2,683 | 2,636 |
| EBITDA* | 65,811,000 | 145,945,000 | 108,283,000 | 16,865,000 | 119,432,000 | 124,956,000 | 88,423,000 | 139,856,000 | 176,519,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 450,232,000 | 471,073,000 | 518,172,000 | 487,572,000 | 505,390,000 | 446,183,000 | 447,956,000 | 393,863,000 | 347,216,000 |
| Intangible Assets | 121,848,000 | 90,242,000 | 94,625,000 | 95,163,000 | 102,594,000 | 100,587,000 | 116,010,000 | 123,286,000 | 127,803,000 |
| Investments & Other | 9,832,000 | 116,000 | 88,656,000 | 1,712,000 | |||||
| Debtors (Due After 1 year) | 15,194,000 | 58,629,000 | 44,762,000 | ||||||
| Total Fixed Assets | 572,080,000 | 546,121,000 | 554,168,000 | 537,973,000 | 607,984,000 | 546,770,000 | 563,966,000 | 517,149,000 | 475,019,000 |
| Stock & work in progress | 119,189,000 | 94,275,000 | 72,821,000 | 63,386,000 | 84,327,000 | 68,426,000 | 91,118,000 | 88,757,000 | 83,057,000 |
| Trade Debtors | 31,754,000 | 58,638,000 | 55,224,000 | 54,750,000 | 53,859,000 | 48,937,000 | 48,425,000 | 47,481,000 | 45,431,000 |
| Group Debtors | |||||||||
| Misc Debtors | 6,165,000 | 7,297,000 | 9,532,000 | 4,156,000 | 4,229,000 | 6,796,000 | 4,991,000 | 4,667,000 | 13,192,000 |
| Cash | 23,872,000 | 54,283,000 | 61,199,000 | 19,552,000 | 19,494,000 | 36,048,000 | 31,490,000 | 45,829,000 | 51,024,000 |
| misc current assets | 451,000 | 1,186,000 | 4,853,000 | 1,203,000 | 2,146,000 | ||||
| total current assets | 182,151,000 | 216,661,000 | 201,975,000 | 141,844,000 | 163,095,000 | 160,207,000 | 180,877,000 | 187,937,000 | 194,850,000 |
| total assets | 754,231,000 | 762,782,000 | 756,143,000 | 679,817,000 | 771,079,000 | 706,977,000 | 744,843,000 | 705,086,000 | 669,869,000 |
| Bank overdraft | -548,000 | 14,097,000 | |||||||
| Bank loan | 548,000 | 55,000 | 13,044,000 | ||||||
| Trade Creditors | 44,201,000 | 63,169,000 | 55,120,000 | 53,191,000 | 55,975,000 | 52,309,000 | 42,716,000 | 42,048,000 | 35,899,000 |
| Group/Directors Accounts | |||||||||
| other short term finances | 25,520,000 | 436,000 | 333,000 | 635,000 | 395,000 | 4,000,000 | |||
| hp & lease commitments | 9,292,000 | 7,690,000 | 6,860,000 | 6,728,000 | 6,586,000 | ||||
| other current liabilities | 42,327,000 | 58,447,000 | 49,955,000 | 37,456,000 | 39,263,000 | 47,278,000 | 47,207,000 | 41,732,000 | 44,628,000 |
| total current liabilities | 121,340,000 | 129,742,000 | 112,268,000 | 98,010,000 | 102,219,000 | 100,135,000 | 89,978,000 | 100,824,000 | 94,624,000 |
| loans | 267,066,000 | 250,366,000 | 240,124,000 | 221,898,000 | 255,450,000 | 167,764,000 | 295,960,000 | 331,112,000 | 363,316,000 |
| hp & lease commitments | 34,541,000 | 25,414,000 | 20,324,000 | 22,348,000 | 23,775,000 | ||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 198,982,000 | 183,296,000 | 201,168,000 | 145,974,000 | 153,668,000 | 149,858,000 | 172,114,000 | 218,498,000 | 169,372,000 |
| total long term liabilities | 233,024,000 | 216,831,000 | 220,646,000 | 183,936,000 | 204,559,000 | 158,811,000 | 234,037,000 | 274,805,000 | 266,344,000 |
| total liabilities | 354,364,000 | 346,573,000 | 332,914,000 | 281,946,000 | 306,778,000 | 258,946,000 | 324,015,000 | 375,629,000 | 360,968,000 |
| net assets | 399,867,000 | 416,158,000 | 423,229,000 | 397,871,000 | 464,301,000 | 448,031,000 | 420,828,000 | 329,457,000 | 308,901,000 |
| total shareholders funds | 399,867,000 | 416,158,000 | 423,229,000 | 397,871,000 | 464,301,000 | 448,031,000 | 420,828,000 | 329,457,000 | 308,901,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 35,031,000 | 107,427,000 | 69,934,000 | -19,612,000 | 84,023,000 | 95,991,000 | 88,423,000 | 113,946,000 | 155,195,000 |
| Depreciation | 23,841,000 | 31,579,000 | 31,409,000 | 29,046,000 | 28,999,000 | 22,559,000 | 19,355,000 | 15,885,000 | |
| Amortisation | 6,939,000 | 6,939,000 | 6,940,000 | 7,431,000 | 6,410,000 | 6,406,000 | 6,555,000 | 5,439,000 | |
| Tax | -9,007,000 | -17,884,000 | -33,129,000 | -4,081,000 | -15,516,000 | -16,102,000 | -12,594,000 | -20,498,000 | 7,715,000 |
| Stock | 24,914,000 | 21,454,000 | 9,435,000 | -20,941,000 | 15,901,000 | -22,692,000 | 2,361,000 | 5,700,000 | 83,057,000 |
| Debtors | -43,210,000 | -42,256,000 | 19,717,000 | 45,580,000 | 2,355,000 | 2,317,000 | 1,268,000 | -6,475,000 | 58,623,000 |
| Creditors | -18,968,000 | 8,049,000 | 1,929,000 | -2,784,000 | 3,666,000 | 9,593,000 | 668,000 | 6,149,000 | 35,899,000 |
| Accruals and Deferred Income | -16,120,000 | 8,492,000 | 12,499,000 | -1,807,000 | -8,015,000 | 71,000 | 5,475,000 | -2,896,000 | 44,628,000 |
| Deferred Taxes & Provisions | 15,686,000 | -17,872,000 | 55,194,000 | -7,694,000 | 3,810,000 | -22,256,000 | -46,384,000 | 49,126,000 | 169,372,000 |
| Cash flow from operations | 55,698,000 | 147,532,000 | 115,624,000 | -24,140,000 | 85,121,000 | 116,637,000 | 172,512,000 | 292,453,000 | |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 9,716,000 | 116,000 | -88,656,000 | 88,656,000 | -1,712,000 | 1,712,000 | |||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -548,000 | 493,000 | -12,989,000 | 13,044,000 | |||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | 25,084,000 | 103,000 | -302,000 | 240,000 | 395,000 | -4,000,000 | 4,000,000 | ||
| Long term loans | 16,700,000 | 10,242,000 | 18,226,000 | -33,552,000 | 87,686,000 | -128,196,000 | -35,152,000 | -32,204,000 | 363,316,000 |
| Hire Purchase and Lease Commitments | 10,729,000 | 5,920,000 | -1,892,000 | -1,285,000 | 30,361,000 | ||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -4,964,000 | -2,663,000 | -4,992,000 | -4,328,000 | 2,703,000 | -3,475,000 | -10,463,000 | -5,809,000 | -69,873,000 |
| cash flow from financing | 10,198,000 | -46,676,000 | 21,365,000 | -77,334,000 | 130,460,000 | -115,358,000 | -12,685,000 | -90,776,000 | 508,377,000 |
| cash and cash equivalents | |||||||||
| cash | -30,411,000 | -6,916,000 | 41,647,000 | 58,000 | -16,554,000 | 4,558,000 | -14,339,000 | -5,195,000 | 51,024,000 |
| overdraft | 548,000 | -548,000 | -14,097,000 | 14,097,000 | |||||
| change in cash | -30,411,000 | -6,916,000 | 41,647,000 | 58,000 | -17,102,000 | 5,106,000 | -14,339,000 | 8,902,000 | 36,927,000 |
ibstock plc Credit Report and Business Information
Ibstock Plc Competitor Analysis
Perform a competitor analysis for ibstock plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in LE67 area or any other competitors across 12 key performance metrics.
ibstock plc Ownership
IBSTOCK PLC group structure
Ibstock Plc has 2 subsidiary companies.
Ultimate parent company
IBSTOCK PLC
09760850
2 subsidiaries
ibstock plc directors
Ibstock Plc currently has 8 directors. The longest serving directors include Mr Jonathan Nicholls (Sep 2015) and Mr Justin Read (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Nicholls | England | 67 years | Sep 2015 | - | Director |
| Mr Justin Read | 63 years | Jan 2017 | - | Director | |
| Mr Joseph Hudson | England | 55 years | Jan 2018 | - | Director |
| Mr Louis Eperjesi | United Kingdom | 63 years | Jun 2018 | - | Director |
| Ms Claire Hawkings | England | 55 years | Sep 2018 | - | Director |
| Mr Christopher McLeish | United Kingdom | 54 years | Aug 2019 | - | Director |
| Ms Adepeju Adebajo | England | 58 years | Nov 2021 | - | Director |
| Ms Nicola Bruce | United Kingdom | 55 years | Mar 2023 | - | Director |
P&L
December 2023turnover
405.8m
-21%
operating profit
35m
-67%
gross margin
28.4%
-26.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
399.9m
-0.04%
total assets
754.2m
-0.01%
cash
23.9m
-0.56%
net assets
Total assets minus all liabilities
ibstock plc company details
company number
09760850
Type
Public limited with Share Capital
industry
23320 - Manufacture of bricks, tiles and construction products, in baked clay
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
leicester road, ibstock, leicestershire, LE67 6HS
Bank
-
Legal Advisor
-
ibstock 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 did not find charges/mortgages relating to ibstock plc.
ibstock plc 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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ibstock plc Companies House Filings - See Documents
| date | description | view/download |
|---|
