brewdog plc
brewdog plc Company Information
Company Number
SC311560
Website
www.brewdog.comRegistered Address
brewdog, balmacassie commercial park, ellon, aberdeenshire, AB41 8BX
Industry
Manufacture of beer
Telephone
01358724924
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
james watt 21.7%
martin dickie 21.1%
View Allbrewdog plc Estimated Valuation
Pomanda estimates the enterprise value of BREWDOG PLC at £503.2m based on a Turnover of £253.1m and 1.99x industry multiple (adjusted for size and gross margin).
brewdog plc Estimated Valuation
Pomanda estimates the enterprise value of BREWDOG PLC at £35.6m based on an EBITDA of £3.6m and a 9.98x industry multiple (adjusted for size and gross margin).
brewdog plc Estimated Valuation
Pomanda estimates the enterprise value of BREWDOG PLC at £294.6m based on Net Assets of £153m and 1.93x industry multiple (adjusted for liquidity).
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Brewdog Plc Overview
Brewdog Plc is a live company located in ellon, AB41 8BX with a Companies House number of SC311560. It operates in the manufacture of beer sector, SIC Code 11050. Founded in November 2006, it's largest shareholder is james watt with a 21.6% stake. Brewdog Plc is a established, mega sized company, Pomanda has estimated its turnover at £253.1m with healthy growth in recent years.
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Brewdog Plc Health Check
Pomanda's financial health check has awarded Brewdog Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £253.1m, make it larger than the average company (£13m)
£253.1m - Brewdog Plc
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (-1.3%)
13% - Brewdog Plc
-1.3% - Industry AVG
Production
with a gross margin of 43.5%, this company has a lower cost of product (33.3%)
43.5% - Brewdog Plc
33.3% - Industry AVG
Profitability
an operating margin of -9.5% make it less profitable than the average company (1.9%)
-9.5% - Brewdog Plc
1.9% - Industry AVG
Employees
with 2525 employees, this is above the industry average (89)
2525 - Brewdog Plc
89 - Industry AVG
Pay Structure
on an average salary of £27.8k, the company has an equivalent pay structure (£27.2k)
£27.8k - Brewdog Plc
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £100.2k, this is equally as efficient (£103.7k)
£100.2k - Brewdog Plc
£103.7k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (42 days)
57 days - Brewdog Plc
42 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (55 days)
105 days - Brewdog Plc
55 days - Industry AVG
Stock Days
it holds stock equivalent to 67 days, this is more than average (37 days)
67 days - Brewdog Plc
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (6 weeks)
3 weeks - Brewdog Plc
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.9%, this is a similar level of debt than the average (62.7%)
68.9% - Brewdog Plc
62.7% - Industry AVG
brewdog plc Credit Report and Business Information
Brewdog Plc Competitor Analysis
Perform a competitor analysis for brewdog plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
brewdog plc Ownership
BREWDOG PLC group structure
Brewdog Plc has 9 subsidiary companies.
Ultimate parent company
BREWDOG PLC
SC311560
9 subsidiaries
brewdog plc directors
Brewdog Plc currently has 9 directors. The longest serving directors include Mr Alan Dickie (Nov 2006) and Mr James Watt (Nov 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Dickie | Scotland | 41 years | Nov 2006 | - | Director |
| Mr James Watt | Scotland | 41 years | Nov 2006 | - | Director |
| Mr Neil Simpson | England | 53 years | Aug 2012 | - | Director |
| Mr James O'Hara | Scotland | 57 years | Apr 2017 | - | Director |
| Ms Frances Jack | Scotland | 49 years | Apr 2017 | - | Director |
| Mr Allan Leighton | United Kingdom | 71 years | Sep 2021 | - | Director |
| Mr Alexander Gilmore | England | 34 years | Jan 2023 | - | Director |
| Mr Erik Johnson | England | 38 years | Jan 2023 | - | Director |
| Giny Boer | Scotland | 61 years | May 2023 | - | Director |
BREWDOG PLC financials
Brewdog Plc's latest turnover from December 2022 is £253.1 million and the company has net assets of £153 million. According to their latest financial statements, Brewdog Plc has 2,525 employees and maintains cash reserves of £10.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 253,096,000 | 219,326,000 | 181,938,000 | 174,606,000 | 139,653,000 | 93,910,000 | 71,850,000 | 44,730,000 | 29,615,000 | 18,087,583 | 10,654,514 | 5,918,508 | 3,331,717 | 1,781,234 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 143,008,000 | 102,835,000 | 94,068,000 | 99,167,000 | 81,912,000 | 56,284,000 | 47,075,000 | 27,776,000 | 18,158,000 | 11,202,251 | 7,653,103 | 4,263,639 | 2,437,178 | 1,396,329 |
| Gross Profit | 110,088,000 | 116,491,000 | 87,870,000 | 75,439,000 | 57,741,000 | 37,626,000 | 24,775,000 | 16,954,000 | 11,457,000 | 6,885,332 | 3,001,411 | 1,654,869 | 894,539 | 384,905 |
| Admin Expenses | 134,112,000 | 121,952,000 | 94,629,000 | 71,706,000 | 57,350,000 | 34,922,000 | 20,398,000 | 13,784,000 | 7,604,000 | 4,370,837 | 2,485,656 | 1,188,066 | 673,338 | 366,716 |
| Operating Profit | -24,024,000 | -5,461,000 | -6,759,000 | 3,733,000 | 391,000 | 2,704,000 | 4,377,000 | 3,170,000 | 3,853,000 | 2,514,495 | 515,755 | 466,803 | 221,201 | 18,189 |
| Interest Payable | 6,754,000 | 4,121,000 | 6,074,000 | 3,671,000 | 1,321,000 | 1,273,000 | 560,000 | 326,000 | 209,000 | 189,246 | 54,243 | 59,322 | 20,613 | 18,241 |
| Interest Receivable | 252,000 | 177,000 | 316,000 | 1,053,000 | 216,000 | 121,000 | 0 | 5,000 | 4,000 | 11,462 | 3 | 9,111 | 20,983 | 199 |
| Pre-Tax Profit | -30,526,000 | -9,405,000 | -12,517,000 | 1,115,000 | -576,000 | 1,406,000 | 3,761,000 | 3,477,000 | 3,652,000 | 2,360,769 | 485,936 | 424,101 | 221,571 | 147 |
| Tax | 5,690,000 | -1,193,000 | -120,000 | -65,000 | -917,000 | -536,000 | -592,000 | -749,000 | -1,001,000 | -142,475 | -48,823 | -69,630 | 46,436 | -10,572 |
| Profit After Tax | -24,836,000 | -10,598,000 | -12,637,000 | 1,050,000 | -1,493,000 | 870,000 | 3,169,000 | 2,728,000 | 2,651,000 | 2,218,294 | 437,113 | 354,471 | 268,007 | -10,425 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -24,836,000 | -10,417,000 | -12,564,000 | 1,162,000 | -1,373,000 | 957,000 | 3,169,000 | 2,728,000 | 2,651,000 | 2,218,294 | 437,113 | 355,128 | 268,007 | -10,425 |
| Employee Costs | 70,243,000 | 50,544,000 | 45,252,000 | 54,294,000 | 39,847,000 | 22,093,000 | 14,799,000 | 10,029,000 | 6,396,000 | 3,682,068 | 2,043,877 | 947,275 | 567,746 | 330,586 |
| Number Of Employees | 2,525 | 1,881 | 1,599 | 1,767 | 1,247 | 777 | 593 | 403 | 277 | 186 | 128 | 61 | 37 | 25 |
| EBITDA* | 3,571,000 | 17,488,000 | 15,438,000 | 22,416,000 | 8,246,000 | 7,344,000 | 7,295,000 | 4,892,000 | 4,908,000 | 3,152,756 | 759,092 | 568,690 | 283,249 | 72,425 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 378,882,000 | 286,714,000 | 253,406,000 | 244,171,000 | 124,569,000 | 80,388,000 | 61,621,000 | 39,018,000 | 20,769,000 | 13,250,122 | 9,245,884 | 2,110,283 | 955,064 | 477,959 |
| Intangible Assets | 20,890,000 | 20,851,000 | 20,814,000 | 21,102,000 | 17,016,000 | 2,146,000 | 646,000 | 646,000 | 0 | 2,942 | 4,902 | 0 | 0 | 0 |
| Investments & Other | 3,109,000 | 157,000 | 244,000 | 157,000 | 92,000 | 59,000 | 100,000 | 100,000 | 50,000 | 648,343 | 655,792 | 754,271 | 1,696,756 | 0 |
| Debtors (Due After 1 year) | 2,269,000 | 0 | 0 | 179,000 | 0 | 0 | 0 | 0 | 0 | 249,264 | 269,435 | 51,667 | 0 | 0 |
| Total Fixed Assets | 397,503,000 | 307,565,000 | 274,220,000 | 265,094,000 | 141,585,000 | 82,534,000 | 62,267,000 | 39,664,000 | 20,769,000 | 14,150,671 | 10,176,013 | 2,916,221 | 2,651,820 | 477,959 |
| Stock & work in progress | 26,574,000 | 20,160,000 | 15,213,000 | 14,653,000 | 15,033,000 | 7,283,000 | 5,354,000 | 3,612,000 | 2,565,000 | 1,599,032 | 1,068,902 | 865,390 | 304,748 | 219,412 |
| Trade Debtors | 39,670,000 | 37,507,000 | 48,334,000 | 34,132,000 | 27,206,000 | 19,201,000 | 13,529,000 | 5,723,000 | 3,809,000 | 1,576,894 | 830,677 | 703,473 | 650,618 | 355,507 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 58,095 | 21,835 | 23,713 | 0 | 0 |
| Misc Debtors | 22,504,000 | 23,918,000 | 0 | 11,791,000 | 10,158,000 | 5,297,000 | 2,298,000 | 2,613,000 | 1,262,000 | 826,712 | 367,358 | 745,271 | 96,118 | 108,125 |
| Cash | 10,336,000 | 45,274,000 | 54,871,000 | 35,164,000 | 38,978,000 | 88,498,000 | 3,159,000 | 3,715,000 | 2,233,000 | 3,242,012 | 1,048,179 | 2,056,876 | 651,976 | 323,688 |
| misc current assets | 0 | 0 | 0 | 0 | 331,000 | 418,000 | 0 | 243,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 99,084,000 | 127,461,000 | 118,927,000 | 96,644,000 | 91,706,000 | 120,697,000 | 24,340,000 | 15,906,000 | 9,881,000 | 7,302,745 | 3,336,951 | 4,394,723 | 1,703,460 | 1,006,732 |
| total assets | 496,587,000 | 435,026,000 | 393,147,000 | 361,738,000 | 233,291,000 | 203,231,000 | 86,607,000 | 55,570,000 | 30,650,000 | 21,453,416 | 13,512,964 | 7,310,944 | 4,355,280 | 1,484,691 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 650,000 | 0 | 15 | 0 | 73,636 | 48,654 |
| Bank loan | 0 | 0 | 0 | 10,583,000 | 0 | 0 | 0 | 0 | 217,000 | 253,087 | 125,234 | 4,854 | 10,159 | 9,715 |
| Trade Creditors | 41,372,000 | 19,501,000 | 13,225,000 | 10,431,000 | 14,477,000 | 8,438,000 | 4,290,000 | 5,754,000 | 3,123,000 | 1,936,477 | 1,643,080 | 718,244 | 301,069 | 342,137 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,131 | 8,257 | 8,632 |
| other short term finances | 0 | 0 | 0 | 0 | 10,776,000 | 8,451,000 | 18,534,000 | 7,555,000 | 0 | 0 | 3,644 | 9,235 | 13,634 | 14,150 |
| hp & lease commitments | 0 | 0 | 0 | 7,791,000 | 0 | 0 | 0 | 0 | 1,177,000 | 717,824 | 564,393 | 100,088 | 112,772 | 84,779 |
| other current liabilities | 112,412,000 | 55,207,000 | 59,840,000 | 29,987,000 | 21,490,000 | 13,044,000 | 7,584,000 | 4,510,000 | 2,694,000 | 1,230,994 | 624,231 | 735,032 | 250,140 | 137,055 |
| total current liabilities | 153,784,000 | 74,708,000 | 73,065,000 | 58,792,000 | 46,743,000 | 29,933,000 | 30,408,000 | 17,819,000 | 7,861,000 | 4,138,382 | 2,960,597 | 1,571,584 | 769,667 | 645,122 |
| loans | 185,224,000 | 170,737,000 | 141,652,000 | 217,672,000 | 23,111,000 | 32,310,000 | 27,608,000 | 13,940,000 | 11,952,000 | 1,644,002 | 1,867,089 | 3,644 | 17,958 | 41,681 |
| hp & lease commitments | 0 | 0 | 0 | 97,922,000 | 4,298,000 | 7,407,000 | 9,808,000 | 2,747,000 | 2,687,000 | 2,130,792 | 2,018,018 | 99,683 | 166,149 | 152,162 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222,476 | 14,352 | 0 | 0 |
| other liabilities | 3,240,000 | 3,118,000 | 3,172,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 7,926,000 | 4,740,000 | 5,306,000 | 4,798,000 | 3,930,000 | 3,112,000 | 2,778,000 | 1,404,000 | 207,968 | 80,744 | 31,921 | 0 | 10,572 |
| total long term liabilities | 188,464,000 | 177,818,000 | 147,194,000 | 122,403,000 | 18,954,000 | 24,275,000 | 16,515,000 | 9,515,000 | 6,678,000 | 3,982,762 | 4,188,327 | 149,600 | 184,107 | 204,415 |
| total liabilities | 342,248,000 | 252,526,000 | 220,259,000 | 181,195,000 | 65,697,000 | 54,208,000 | 46,923,000 | 27,334,000 | 14,539,000 | 8,121,144 | 7,148,924 | 1,721,184 | 953,774 | 849,537 |
| net assets | 152,960,000 | 180,543,000 | 172,888,000 | 180,543,000 | 167,594,000 | 149,023,000 | 39,669,000 | 28,236,000 | 16,111,000 | 13,332,272 | 6,364,040 | 5,589,760 | 3,401,506 | 635,154 |
| total shareholders funds | 152,960,000 | 180,543,000 | 172,888,000 | 180,543,000 | 167,594,000 | 149,023,000 | 39,669,000 | 28,236,000 | 16,111,000 | 13,332,272 | 6,364,040 | 5,589,760 | 3,401,506 | 635,154 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -24,024,000 | -5,461,000 | -6,759,000 | 3,733,000 | 391,000 | 2,704,000 | 4,377,000 | 3,170,000 | 3,853,000 | 2,514,495 | 515,755 | 466,803 | 221,201 | 18,189 |
| Depreciation | 15,653,000 | 13,470,000 | 12,868,000 | 18,253,000 | 7,855,000 | 4,640,000 | 2,918,000 | 1,722,000 | 1,055,000 | 636,301 | 243,337 | 101,887 | 62,048 | 54,236 |
| Amortisation | 11,942,000 | 9,479,000 | 9,329,000 | 430,000 | 0 | 0 | 0 | 0 | 0 | 1,960 | 0 | 0 | 0 | 0 |
| Tax | 5,690,000 | -1,193,000 | -120,000 | -65,000 | -917,000 | -536,000 | -592,000 | -749,000 | -1,001,000 | -142,475 | -48,823 | -69,630 | 46,436 | -10,572 |
| Stock | 6,414,000 | 4,947,000 | 560,000 | -380,000 | 7,750,000 | 1,929,000 | 1,742,000 | 1,047,000 | 965,968 | 530,130 | 203,512 | 560,642 | 85,336 | 219,412 |
| Debtors | 3,018,000 | 13,091,000 | 2,232,000 | 8,738,000 | 12,866,000 | 8,671,000 | 7,491,000 | 3,253,000 | 2,372,035 | 1,221,660 | -34,819 | 777,388 | 283,104 | 463,632 |
| Creditors | 21,871,000 | 6,276,000 | 2,794,000 | -4,046,000 | 6,039,000 | 4,148,000 | -1,464,000 | 2,631,000 | 1,186,523 | 293,397 | 924,836 | 417,175 | -41,068 | 342,137 |
| Accruals and Deferred Income | 57,205,000 | -4,633,000 | 29,853,000 | 8,497,000 | 8,446,000 | 5,460,000 | 3,074,000 | 1,816,000 | 1,463,006 | 384,287 | 97,323 | 499,244 | 113,085 | 137,055 |
| Deferred Taxes & Provisions | -7,926,000 | 3,186,000 | -566,000 | 508,000 | 868,000 | 818,000 | 334,000 | 1,374,000 | 1,196,032 | 127,224 | 48,823 | 31,921 | -10,572 | 10,572 |
| Cash flow from operations | 70,979,000 | 3,086,000 | 44,607,000 | 18,952,000 | 2,066,000 | 6,634,000 | -586,000 | 5,664,000 | 4,414,558 | 2,063,399 | 1,612,558 | 109,370 | 22,690 | -131,427 |
| Investing Activities | ||||||||||||||
| capital expenditure | -2,922,290 | -3,631,577 | -361,254 | -150,570 | -52,114 | |||||||||
| Change in Investments | 2,952,000 | -87,000 | 87,000 | 65,000 | 33,000 | -41,000 | 0 | 50,000 | -598,343 | -7,449 | -98,479 | -942,485 | 1,696,756 | 0 |
| cash flow from investments | -2,914,841 | -3,533,098 | 581,231 | -1,847,326 | -52,114 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -10,583,000 | 10,583,000 | 0 | 0 | 0 | -217,000 | -36,087 | 127,853 | 120,380 | -5,305 | 444 | 9,715 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,131 | -4,126 | -375 | 8,632 |
| Other Short Term Loans | 0 | 0 | 0 | -10,776,000 | 2,325,000 | -10,083,000 | 10,979,000 | 7,555,000 | 0 | -3,644 | -5,591 | -4,399 | -516 | 14,150 |
| Long term loans | 14,487,000 | 29,085,000 | -76,020,000 | 194,561,000 | -9,199,000 | 4,702,000 | 13,668,000 | 1,988,000 | 10,307,998 | -223,087 | 1,863,445 | -14,314 | -23,723 | 41,681 |
| Hire Purchase and Lease Commitments | 0 | 0 | -105,713,000 | 101,415,000 | -3,109,000 | -2,401,000 | 7,061,000 | -1,117,000 | 1,015,384 | 266,205 | 2,382,640 | -79,150 | 41,980 | 236,941 |
| other long term liabilities | 122,000 | -54,000 | 3,172,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -6,502,000 | -3,944,000 | -5,758,000 | -2,618,000 | -1,105,000 | -1,152,000 | -560,000 | -321,000 | -205,000 | -177,784 | -54,240 | -50,211 | 370 | -18,042 |
| cash flow from financing | 5,360,000 | 43,159,000 | -189,993,000 | 304,952,000 | 8,856,000 | 99,463,000 | 39,412,000 | 17,285,000 | 11,210,023 | 4,739,481 | 4,639,670 | 1,675,621 | 2,516,525 | 938,656 |
| cash and cash equivalents | ||||||||||||||
| cash | -34,938,000 | -9,597,000 | 19,707,000 | -3,814,000 | -49,520,000 | 85,339,000 | -556,000 | 1,482,000 | -1,009,012 | 2,193,833 | -1,008,697 | 1,404,900 | 328,288 | 323,688 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -650,000 | 650,000 | -15 | 15 | -73,636 | 24,982 | 48,654 |
| change in cash | -34,938,000 | -9,597,000 | 19,707,000 | -3,814,000 | -49,520,000 | 85,339,000 | -556,000 | 2,132,000 | -1,659,012 | 2,193,848 | -1,008,712 | 1,478,536 | 303,306 | 275,034 |
P&L
December 2022turnover
253.1m
+15%
operating profit
-24m
+340%
gross margin
43.5%
-18.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
153m
-0.15%
total assets
496.6m
+0.14%
cash
10.3m
-0.77%
net assets
Total assets minus all liabilities
brewdog plc company details
company number
SC311560
Type
Public limited with Share Capital
industry
11050 - Manufacture of beer
incorporation date
November 2006
age
18
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
brewdog, balmacassie commercial park, ellon, aberdeenshire, AB41 8BX
last accounts submitted
December 2022
brewdog 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 10 charges/mortgages relating to brewdog plc. Currently there are 6 open charges and 4 have been satisfied in the past.
brewdog plc Companies House Filings - See Documents
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