Manufacture of central heating radiators and boilers
+1
Registered Address
69-75 side, newcastle upon tyne, tyne and wear, NE1 3JE
Website
-
stelrad group plcEstimated Valuation
£360.5m
Pomanda estimates the enterprise value of STELRAD GROUP PLC at £360.5m based on a Turnover of £308.2m and 1.17x industry multiple (adjusted for size and gross margin).
stelrad group plcEstimated Valuation
£323.3m
Pomanda estimates the enterprise value of STELRAD GROUP PLC at £323.3m based on an EBITDA of £38.8m and a 8.34x industry multiple (adjusted for size and gross margin).
stelrad group plcEstimated Valuation
£117.2m
Pomanda estimates the enterprise value of STELRAD GROUP PLC at £117.2m based on Net Assets of £55.2m and 2.12x industry multiple (adjusted for liquidity).
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Stelrad Group PlcOverview
Stelrad Group Plc is a live company located in tyne and wear, NE1 3JE with a Companies House number of 13670010. It operates in the manufacture of central heating radiators and boilers sector, SIC Code 25210. Founded in October 2021, it's largest shareholder is
the bregal fund iii l.p.
with a 100% stake. Stelrad Group Plc is a startup,
mega sized company, Pomanda has estimated its turnover at
£308.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Stelrad Group Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
4 Regular
3 Weak
Size
annual sales of £308.2m, make it larger than the average company (£38.6m)
£308.2m - Stelrad Group Plc
£38.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.2%)
16% - Stelrad Group Plc
7.2% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (32.7%)
28.2% - Stelrad Group Plc
32.7% - Industry AVG
Profitability
an operating margin of 8.7% make it as profitable than the average company (8.5%)
8.7% - Stelrad Group Plc
8.5% - Industry AVG
Employees
with 1479 employees, this is above the industry average (166)
1479 - Stelrad Group Plc
166 - Industry AVG
Pay Structure
on an average salary of £36.1k, the company has a lower pay structure (£48.4k)
£36.1k - Stelrad Group Plc
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £208.4k, this is less efficient (£245.5k)
£208.4k - Stelrad Group Plc
£245.5k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (57 days)
56 days - Stelrad Group Plc
57 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (39 days)
81 days - Stelrad Group Plc
39 days - Industry AVG
Stock Days
it holds stock equivalent to 104 days, this is more than average (64 days)
104 days - Stelrad Group Plc
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is average cash available to meet short term requirements (13 weeks)
13 weeks - Stelrad Group Plc
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.5%, this is a higher level of debt than the average (57.2%)
76.5% - Stelrad Group Plc
57.2% - Industry AVG
STELRAD GROUP PLC financials
EXPORT
Stelrad Group Plc's latest turnover from December 2023 is £308.2 million and the company has net assets of £55.2 million. According to their latest financial statements, Stelrad Group Plc has 1,479 employees and maintains cash reserves of £21.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Turnover
308,193,000
316,315,000
272,285,000
196,565,000
Other Income Or Grants
Cost Of Sales
221,343,000
236,248,000
192,279,000
139,372,000
Gross Profit
86,850,000
80,067,000
80,006,000
57,193,000
Admin Expenses
60,169,000
57,439,000
53,447,000
37,669,000
Operating Profit
26,681,000
22,628,000
26,559,000
19,524,000
Interest Payable
7,681,000
4,573,000
10,379,000
10,405,000
Interest Receivable
182,000
50,000
141,000
68,000
Pre-Tax Profit
19,182,000
10,245,000
16,321,000
9,187,000
Tax
-3,758,000
-5,936,000
-1,661,000
-488,000
Profit After Tax
15,424,000
4,309,000
14,660,000
8,699,000
Dividends Paid
9,729,000
4,941,000
Retained Profit
5,695,000
-632,000
14,660,000
8,699,000
Employee Costs
53,423,000
42,925,000
38,979,000
41,353,000
Number Of Employees
1,479
1,483
1,326
1,261
EBITDA*
38,753,000
32,491,000
33,968,000
27,445,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Tangible Assets
100,918,000
102,715,000
66,272,000
69,725,000
Intangible Assets
5,251,000
3,855,000
Investments & Other
Debtors (Due After 1 year)
6,986,000
5,714,000
6,294,000
4,359,000
Total Fixed Assets
99,484,000
101,173,000
59,988,000
65,383,000
Stock & work in progress
63,376,000
77,851,000
56,781,000
30,986,000
Trade Debtors
47,619,000
55,739,000
42,749,000
35,658,000
Group Debtors
Misc Debtors
3,055,000
4,758,000
3,982,000
3,366,000
Cash
21,442,000
22,641,000
15,563,000
20,083,000
misc current assets
total current assets
135,735,000
161,224,000
119,179,000
90,163,000
total assets
235,219,000
262,397,000
179,167,000
155,546,000
Bank overdraft
1,794,000
3,347,000
Bank loan
Trade Creditors
49,263,000
73,903,000
57,751,000
31,331,000
Group/Directors Accounts
other short term finances
2,469,000
1,520,000
hp & lease commitments
other current liabilities
33,814,000
28,060,000
27,833,000
22,950,000
total current liabilities
85,546,000
103,483,000
87,378,000
57,628,000
loans
176,454,000
197,026,000
125,730,000
171,570,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,728,000
2,529,000
provisions
12,502,000
17,904,000
568,000
406,000
total long term liabilities
94,478,000
107,465,000
64,877,000
88,517,000
total liabilities
180,024,000
210,948,000
152,255,000
146,145,000
net assets
55,195,000
51,449,000
26,912,000
9,401,000
total shareholders funds
55,195,000
51,449,000
26,912,000
9,401,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Operating Activities
Operating Profit
26,681,000
22,628,000
26,559,000
19,524,000
Depreciation
9,085,000
7,672,000
7,409,000
7,921,000
Amortisation
2,987,000
2,191,000
Tax
-3,758,000
-5,936,000
-1,661,000
-488,000
Stock
-14,475,000
21,070,000
25,795,000
30,986,000
Debtors
-8,551,000
13,186,000
9,642,000
43,383,000
Creditors
-24,640,000
16,152,000
26,420,000
31,331,000
Accruals and Deferred Income
5,754,000
227,000
4,883,000
22,950,000
Deferred Taxes & Provisions
-5,402,000
17,336,000
162,000
406,000
Cash flow from operations
33,733,000
26,014,000
28,335,000
7,275,000
Investing Activities
capital expenditure
-11,671,000
-50,161,000
-3,956,000
-77,646,000
Change in Investments
cash flow from investments
-11,671,000
-50,161,000
-3,956,000
-77,646,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
949,000
1,520,000
Long term loans
-20,572,000
71,296,000
-45,840,000
171,570,000
Hire Purchase and Lease Commitments
other long term liabilities
-1,728,000
-801,000
2,529,000
share issue
-1,949,000
25,169,000
2,851,000
702,000
interest
-7,499,000
-4,523,000
-10,238,000
-10,337,000
cash flow from financing
-29,071,000
91,734,000
-54,028,000
164,464,000
cash and cash equivalents
cash
-1,199,000
7,078,000
-4,520,000
20,083,000
overdraft
-1,794,000
-1,553,000
3,347,000
change in cash
-1,199,000
8,872,000
-2,967,000
16,736,000
stelrad group plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for stelrad group plc. Get real-time insights into stelrad group plc's credit score, group structure and payment trends.
Perform a competitor analysis for stelrad group plc by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NE1 area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
55.2m
+0.07%
total assets
235.2m
-0.1%
cash
21.4m
-0.05%
net assets
Total assets minus all liabilities
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stelrad group plc company details
company number
13670010
Type
Public limited with Share Capital
industry
25210 - Manufacture of central heating radiators and boilers
70100 - Activities of head offices
incorporation date
October 2021
age
4
incorporated
UK
ultimate parent company
THE BREGAL FUND III LP
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
69-75 side, newcastle upon tyne, tyne and wear, NE1 3JE
Bank
-
Legal Advisor
-
stelrad group 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 1 charges/mortgages relating to stelrad group plc. Currently there are 1 open charges and 0 have been satisfied in the past.
stelrad group 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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stelrad group plcCompanies House Filings - See Documents
