brass no.8 plc
brass no.8 plc Company Information
Company Number
11996873
Website
wilmingtontrust.comRegistered Address
c/o wilmington trust sp services, third floor, 1 king's arms yard, london, EC2R 7AF
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Directors
Daniel Wynne5 Years
Shareholders
brass no.8 mortgage holdings limited 100%
brass no.8 plc Estimated Valuation
Pomanda estimates the enterprise value of BRASS NO.8 PLC at £40.9m based on a Turnover of £63.1m and 0.65x industry multiple (adjusted for size and gross margin).
brass no.8 plc Estimated Valuation
Pomanda estimates the enterprise value of BRASS NO.8 PLC at £24.8k based on an EBITDA of £5k and a 4.95x industry multiple (adjusted for size and gross margin).
brass no.8 plc Estimated Valuation
Pomanda estimates the enterprise value of BRASS NO.8 PLC at £0 based on Net Assets of £-71k and 2.57x industry multiple (adjusted for liquidity).
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Brass No.8 Plc Overview
Brass No.8 Plc is a live company located in london, EC2R 7AF with a Companies House number of 11996873. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2019, it's largest shareholder is brass no.8 mortgage holdings limited with a 100% stake. Brass No.8 Plc is a young, large sized company, Pomanda has estimated its turnover at £63.1m with rapid growth in recent years.
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Brass No.8 Plc Health Check
Pomanda's financial health check has awarded Brass No.8 Plc a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £63.1m, make it larger than the average company (£4.5m)
£63.1m - Brass No.8 Plc
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 44%, show it is growing at a faster rate (6.4%)
44% - Brass No.8 Plc
6.4% - Industry AVG
Production
with a gross margin of 1.6%, this company has a higher cost of product (37.8%)
1.6% - Brass No.8 Plc
37.8% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (5.7%)
0% - Brass No.8 Plc
5.7% - Industry AVG
Employees
with 377 employees, this is above the industry average (26)
- Brass No.8 Plc
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Brass No.8 Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £167.3k, this is equally as efficient (£167.6k)
- Brass No.8 Plc
£167.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Brass No.8 Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Brass No.8 Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Brass No.8 Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (23 weeks)
7 weeks - Brass No.8 Plc
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (62%)
100% - Brass No.8 Plc
62% - Industry AVG
BRASS NO.8 PLC financials
Brass No.8 Plc's latest turnover from December 2023 is £63.1 million and the company has net assets of -£71 thousand. According to their latest financial statements, we estimate that Brass No.8 Plc has 377 employees and maintains cash reserves of £168.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 63,063,000 | 27,271,000 | 15,923,000 | 21,056,000 | 8,321,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 62,037,000 | 26,091,000 | 14,650,000 | 19,780,000 | 7,852,000 |
| Gross Profit | 1,026,000 | 1,180,000 | 1,273,000 | 1,276,000 | 469,000 |
| Admin Expenses | 1,021,000 | 1,175,000 | 1,268,000 | 1,271,000 | 468,000 |
| Operating Profit | 5,000 | 5,000 | 5,000 | 5,000 | 1,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 14,000 | 176,000 | 174,000 | -403,000 | -40,000 |
| Tax | -1,000 | -1,000 | -1,000 | -1,000 | 0 |
| Profit After Tax | 13,000 | 175,000 | 173,000 | -404,000 | -40,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 13,000 | 175,000 | 173,000 | -404,000 | -40,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||
| EBITDA* | 5,000 | 5,000 | 5,000 | 5,000 | 1,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 |
| Cash | 168,690,000 | 127,423,000 | 112,557,000 | 150,904,000 | 103,325,000 |
| misc current assets | 958,318,000 | 1,116,956,000 | 1,260,789,000 | 1,408,746,000 | 1,661,397,000 |
| total current assets | 1,127,020,000 | 1,244,391,000 | 1,373,358,000 | 1,559,662,000 | 1,764,734,000 |
| total assets | 1,127,020,000 | 1,244,391,000 | 1,373,358,000 | 1,559,662,000 | 1,764,734,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,127,090,000 | 1,244,474,000 | 1,373,617,000 | 1,560,094,000 | 1,764,762,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,000 | 1,000 | 0 | 0 | 0 |
| total current liabilities | 1,127,091,000 | 1,244,475,000 | 1,373,617,000 | 1,560,094,000 | 1,764,762,000 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,127,091,000 | 1,244,475,000 | 1,373,617,000 | 1,560,094,000 | 1,764,762,000 |
| net assets | -71,000 | -84,000 | -259,000 | -432,000 | -28,000 |
| total shareholders funds | -71,000 | -84,000 | -259,000 | -432,000 | -28,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 5,000 | 5,000 | 5,000 | 5,000 | 1,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,000 | -1,000 | -1,000 | -1,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 0 | 12,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 1,000 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,000 | 5,000 | 4,000 | 4,000 | -11,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -117,384,000 | -129,143,000 | -186,477,000 | -204,668,000 | 1,764,762,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -117,384,000 | -129,143,000 | -186,477,000 | -204,668,000 | 1,764,774,000 |
| cash and cash equivalents | |||||
| cash | 41,267,000 | 14,866,000 | -38,347,000 | 47,579,000 | 103,325,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 41,267,000 | 14,866,000 | -38,347,000 | 47,579,000 | 103,325,000 |
brass no.8 plc Credit Report and Business Information
Brass No.8 Plc Competitor Analysis
Perform a competitor analysis for brass no.8 plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC2R area or any other competitors across 12 key performance metrics.
brass no.8 plc Ownership
BRASS NO.8 PLC group structure
Brass No.8 Plc has no subsidiary companies.
Ultimate parent company
2 parents
BRASS NO.8 PLC
11996873
brass no.8 plc directors
Brass No.8 Plc currently has 1 director, Mr Daniel Wynne serving since May 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Wynne | 54 years | May 2019 | - | Director |
P&L
December 2023turnover
63.1m
+131%
operating profit
5k
0%
gross margin
1.7%
-62.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-71k
-0.15%
total assets
1.1b
-0.09%
cash
168.7m
+0.32%
net assets
Total assets minus all liabilities
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brass no.8 plc company details
company number
11996873
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2019
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
c/o wilmington trust sp services, third floor, 1 king's arms yard, london, EC2R 7AF
Bank
LLOYDS BANK CORPORATE MARKETS PLC
Legal Advisor
-
brass no.8 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 2 charges/mortgages relating to brass no.8 plc. Currently there are 2 open charges and 0 have been satisfied in the past.
brass no.8 plc Companies House Filings - See Documents
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