bromford iron ltd
bromford iron ltd Company Information
Company Number
12202432
Next Accounts
Sep 2025
Shareholders
laurence mcdougall
peter davies
View AllGroup Structure
View All
Industry
Manufacture of basic iron and steel and of ferro-alloys
Registered Address
vulcan house, c/o all steels tra, york road, thirsk, north yorkshire, YO7 3BT
Website
-bromford iron ltd Estimated Valuation
Pomanda estimates the enterprise value of BROMFORD IRON LTD at £5.4m based on a Turnover of £17.8m and 0.31x industry multiple (adjusted for size and gross margin).
bromford iron ltd Estimated Valuation
Pomanda estimates the enterprise value of BROMFORD IRON LTD at £0 based on an EBITDA of £-153.5k and a 3.1x industry multiple (adjusted for size and gross margin).
bromford iron ltd Estimated Valuation
Pomanda estimates the enterprise value of BROMFORD IRON LTD at £435.1k based on Net Assets of £347.8k and 1.25x industry multiple (adjusted for liquidity).
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Bromford Iron Ltd Overview
Bromford Iron Ltd is a live company located in thirsk, YO7 3BT with a Companies House number of 12202432. It operates in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in September 2019, it's largest shareholder is laurence mcdougall with a 90% stake. Bromford Iron Ltd is a young, mid sized company, Pomanda has estimated its turnover at £17.8m with high growth in recent years.
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Bromford Iron Ltd Health Check
Pomanda's financial health check has awarded Bromford Iron Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £17.8m, make it smaller than the average company (£22.5m)
£17.8m - Bromford Iron Ltd
£22.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (10.8%)
27% - Bromford Iron Ltd
10.8% - Industry AVG
Production
with a gross margin of 11.1%, this company has a higher cost of product (15.6%)
11.1% - Bromford Iron Ltd
15.6% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (4.4%)
-3.1% - Bromford Iron Ltd
4.4% - Industry AVG
Employees
with 48 employees, this is below the industry average (65)
48 - Bromford Iron Ltd
65 - Industry AVG
Pay Structure
on an average salary of £44.1k, the company has an equivalent pay structure (£46.6k)
£44.1k - Bromford Iron Ltd
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £370.7k, this is equally as efficient (£388.2k)
£370.7k - Bromford Iron Ltd
£388.2k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (50 days)
78 days - Bromford Iron Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (45 days)
125 days - Bromford Iron Ltd
45 days - Industry AVG
Stock Days
it holds stock equivalent to 105 days, this is more than average (58 days)
105 days - Bromford Iron Ltd
58 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Bromford Iron Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.3%, this is a higher level of debt than the average (49.2%)
96.3% - Bromford Iron Ltd
49.2% - Industry AVG
BROMFORD IRON LTD financials
Bromford Iron Ltd's latest turnover from December 2023 is £17.8 million and the company has net assets of £347.8 thousand. According to their latest financial statements, Bromford Iron Ltd has 48 employees and maintains cash reserves of £55 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 17,791,482 | 21,362,475 | 14,371,601 | 8,622,561 |
| Other Income Or Grants | ||||
| Cost Of Sales | 15,824,004 | 18,028,090 | 11,792,700 | 7,778,305 |
| Gross Profit | 1,967,478 | 3,334,385 | 2,578,901 | 844,256 |
| Admin Expenses | 2,519,351 | 2,440,459 | 1,852,246 | 824,588 |
| Operating Profit | -551,873 | 893,926 | 726,655 | 19,668 |
| Interest Payable | 488,827 | 230,622 | 105,164 | 15,945 |
| Interest Receivable | ||||
| Pre-Tax Profit | -1,040,700 | 663,304 | 621,491 | 3,723 |
| Tax | 18,226 | 89,668 | -177,221 | 69,327 |
| Profit After Tax | -1,022,474 | 752,972 | 444,270 | 73,050 |
| Dividends Paid | ||||
| Retained Profit | -1,022,474 | 752,972 | 444,270 | 73,050 |
| Employee Costs | 2,118,694 | 2,257,087 | 2,203,019 | |
| Number Of Employees | 48 | 53 | 58 | 39 |
| EBITDA* | -153,468 | 1,240,524 | 963,046 | 72,835 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 938,799 | 1,029,920 | 1,128,302 | 511,548 |
| Intangible Assets | 7,229 | 9,629 | 12,787 | |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 938,799 | 1,037,149 | 1,137,931 | 524,335 |
| Stock & work in progress | 4,567,639 | 7,696,543 | 4,575,596 | 2,278,342 |
| Trade Debtors | 3,804,160 | 4,354,515 | 3,156,376 | 1,560,259 |
| Group Debtors | ||||
| Misc Debtors | 122,177 | 378,186 | 150,868 | 421,689 |
| Cash | 54,999 | 73,305 | 28,307 | 208,677 |
| misc current assets | ||||
| total current assets | 8,548,975 | 12,502,549 | 7,911,147 | 4,468,967 |
| total assets | 9,487,774 | 13,539,698 | 9,049,078 | 4,993,302 |
| Bank overdraft | 2,288,932 | 1,766,025 | 997,108 | |
| Bank loan | 2,594,545 | |||
| Trade Creditors | 5,446,769 | 9,378,252 | 6,048,935 | 3,514,644 |
| Group/Directors Accounts | ||||
| other short term finances | 100,000 | 100,000 | 100,000 | |
| hp & lease commitments | ||||
| other current liabilities | 998,644 | 383,998 | 408,906 | 305,950 |
| total current liabilities | 9,139,958 | 12,151,182 | 8,323,866 | 4,817,702 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 18,226 | 107,894 | 2,550 | |
| total long term liabilities | 18,226 | 107,894 | 2,550 | |
| total liabilities | 9,139,958 | 12,169,408 | 8,431,760 | 4,820,252 |
| net assets | 347,816 | 1,370,290 | 617,318 | 173,050 |
| total shareholders funds | 347,816 | 1,370,290 | 617,318 | 173,050 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -551,873 | 893,926 | 726,655 | 19,668 |
| Depreciation | 396,005 | 344,198 | 233,233 | 48,905 |
| Amortisation | 2,400 | 2,400 | 3,158 | 4,262 |
| Tax | 18,226 | 89,668 | -177,221 | 69,327 |
| Stock | -3,128,904 | 3,120,947 | 2,297,254 | 2,278,342 |
| Debtors | -806,364 | 1,425,457 | 1,325,296 | 1,981,948 |
| Creditors | -3,931,483 | 3,329,317 | 2,534,291 | 3,514,644 |
| Accruals and Deferred Income | 614,646 | -24,908 | 102,956 | 305,950 |
| Deferred Taxes & Provisions | -18,226 | -89,668 | 105,344 | 2,550 |
| Cash flow from operations | 464,963 | -1,471 | -94,134 | -294,984 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 2,594,545 | |||
| Group/Directors Accounts | ||||
| Other Short Term Loans | 100,000 | |||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -488,827 | -230,622 | -105,164 | -15,945 |
| cash flow from financing | 2,105,718 | -230,622 | -5,166 | 84,055 |
| cash and cash equivalents | ||||
| cash | -18,306 | 44,998 | -180,370 | 208,677 |
| overdraft | -2,288,932 | 522,907 | 768,917 | 997,108 |
| change in cash | 2,270,626 | -477,909 | -949,287 | -788,431 |
bromford iron ltd Credit Report and Business Information
Bromford Iron Ltd Competitor Analysis
Perform a competitor analysis for bromford iron ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in YO7 area or any other competitors across 12 key performance metrics.
bromford iron ltd Ownership
BROMFORD IRON LTD group structure
Bromford Iron Ltd has no subsidiary companies.
Ultimate parent company
BROMFORD IRON LTD
12202432
bromford iron ltd directors
Bromford Iron Ltd currently has 5 directors. The longest serving directors include Mr Matthew Rhodes (Sep 2019) and Mrs Kim McDougall (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Rhodes | England | 37 years | Sep 2019 | - | Director |
| Mrs Kim McDougall | England | 61 years | Sep 2019 | - | Director |
| Mr Laurence McDougall | 60 years | Sep 2019 | - | Director | |
| Mr Matthew Rhodes | England | 37 years | Sep 2019 | - | Director |
| Mr Lee White | England | 36 years | Aug 2021 | - | Director |
P&L
December 2023turnover
17.8m
-17%
operating profit
-551.9k
-162%
gross margin
11.1%
-29.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
347.8k
-0.75%
total assets
9.5m
-0.3%
cash
55k
-0.25%
net assets
Total assets minus all liabilities
bromford iron ltd company details
company number
12202432
Type
Private limited with Share Capital
industry
24100 - Manufacture of basic iron and steel and of ferro-alloys
incorporation date
September 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
vulcan house, c/o all steels tra, york road, thirsk, north yorkshire, YO7 3BT
Bank
HSBC BANK PLC
Legal Advisor
-
bromford iron ltd 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 5 charges/mortgages relating to bromford iron ltd. Currently there are 5 open charges and 0 have been satisfied in the past.
bromford iron ltd 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.
Click to start generating capital raising & share issue transactions for BROMFORD IRON LTD. This can take several minutes, an email will notify you when this has completed.
bromford iron ltd Companies House Filings - See Documents
| date | description | view/download |
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