Melrose buys good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders.
Year founded2003
Served areaWorldwide
Headquarters11th Floor, Colmore Plaza, 20 Colmore Plaza Circus Queensway, B4 6AT Birmingham – United Kingdom
| Line item in (gbp) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|
| Assets | N/A | 14,022,000,000.00 | 13,987,000,000.00 |
| Noncurrent Assets | N/A | 11,438,000,000.00 | 11,114,000,000.00 |
| Property Plant And Equipment | N/A | 2,528,000,000.00 | 2,599,000,000.00 |
| Investment Accounted For Using Equity Method | N/A | 87,000,000.00 | 62,000,000.00 |
| Other Noncurrent Receivables | N/A | 523,000,000.00 | 670,000,000.00 |
| Deferred Tax Assets | N/A | 250,000,000.00 | 373,000,000.00 |
| Noncurrent Derivative Financial Assets | N/A | 47,000,000.00 | 36,000,000.00 |
| Current Assets | N/A | 2,584,000,000.00 | 2,873,000,000.00 |
| Inventories | N/A | 893,000,000.00 | 1,025,000,000.00 |
| Trade And Other Current Receivables | N/A | 1,184,000,000.00 | 1,426,000,000.00 |
| Current Tax Assets Current | N/A | 11,000,000.00 | 29,000,000.00 |
| Cash and cash equivalents | N/A | 473,000,000.00 | 355,000,000.00 |
| Current Derivative Financial Assets | N/A | 23,000,000.00 | 38,000,000.00 |
| Equity | 7,110,000,000.00 | 7,540,000,000.00 | 7,168,000,000.00 |
| Issued Capital | N/A | 333,000,000.00 | 309,000,000.00 |
| Retained Earnings | N/A | 5,319,000,000.00 | 4,379,000,000.00 |
| Share Premium | N/A | 3,271,000,000.00 | 3,271,000,000.00 |
| Other Reserves | N/A | -2,330,000,000.00 | -2,330,000,000.00 |
| Capital Redemption Reserve | N/A | 729,000,000.00 | 753,000,000.00 |
| Merger Reserve | N/A | 109,000,000.00 | 109,000,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 7,507,000,000.00 | 7,129,000,000.00 |
| Noncontrolling Interests | N/A | 33,000,000.00 | 39,000,000.00 |
| Liabilities | N/A | 6,482,000,000.00 | 6,819,000,000.00 |
| Noncurrent Liabilities | N/A | 3,358,000,000.00 | 3,841,000,000.00 |
| Noncurrent Provisions | N/A | 408,000,000.00 | 330,000,000.00 |
| Other Noncurrent Payables | N/A | 390,000,000.00 | 431,000,000.00 |
| Deferred Tax Liabilities | N/A | 614,000,000.00 | 619,000,000.00 |
| Noncurrent Recognised Liabilities Defined Benefit Plan | N/A | 645,000,000.00 | 581,000,000.00 |
| Noncurrent Derivative Financial Liabilities | N/A | 79,000,000.00 | 141,000,000.00 |
| Longterm Borrowings | N/A | 903,000,000.00 | 1,433,000,000.00 |
| Current Liabilities | N/A | 3,124,000,000.00 | 2,978,000,000.00 |
| Current Provisions | N/A | 293,000,000.00 | 281,000,000.00 |
| Trade And Other Current Payables | N/A | 2,051,000,000.00 | 2,347,000,000.00 |
| Current Tax Liabilities Current | N/A | 142,000,000.00 | 141,000,000.00 |
| Current Derivative Financial Liabilities | N/A | 119,000,000.00 | 86,000,000.00 |
| Line item in (gbp) | 01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|
| Revenue | 6,650,000,000.00 | 7,537,000,000.00 |
| Profit Loss From Operating Activities | -493,000,000.00 | -236,000,000.00 |
| Finance Income | 2,000,000.00 | 33,000,000.00 |
| Finance Costs | 169,000,000.00 | 104,000,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 38,000,000.00 | 49,000,000.00 |
| Profit Loss Before Tax | -660,000,000.00 | -307,000,000.00 |
| Income Tax Expense Continuing Operations | -180,000,000.00 | -84,000,000.00 |
| Profit Loss From Continuing Operations | -480,000,000.00 | -223,000,000.00 |
| Profit Loss From Discontinued Operations | 1,317,000,000.00 | -80,000,000.00 |
| Profit (loss) | 837,000,000.00 | -303,000,000.00 |
| Profit Loss Attributable To Owners Of Parent | 833,000,000.00 | -308,000,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 4,000,000.00 | 5,000,000.00 |
| Line item in (gbp) | 01.01.2022 | 01.01.2023 |
|---|---|---|
| Profit (loss) | 837,000,000.00 | -303,000,000.00 |
| Cash Flows From Used In Operating Activities | 263,000,000.00 | 204,000,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | 2,703,000,000.00 | 478,000,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | 0.00 | 4,000,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | 13,000,000.00 | 66,000,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 218,000,000.00 | 271,000,000.00 |
| Dividends Received Classified As Investing Activities | 52,000,000.00 | 59,000,000.00 |
| Interest Received Classified As Investing Activities | 2,000,000.00 | 4,000,000.00 |
| Cash Flows From Used In Investing Activities | 2,511,000,000.00 | 192,000,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | 0.00 | 632,000,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | 1,555,000,000.00 | 598,000,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | 53,000,000.00 | 51,000,000.00 |
| Cash Flows From Used In Financing Activities | -2,466,000,000.00 | -599,000,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 308,000,000.00 | -203,000,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | 0.00 | 27,000,000.00 |
| Cash and cash equivalents | 473,000,000.00 | 355,000,000.00 |
Please note that some sums might not add up.
| Position Holder | Short Interest in Percent | Date |
|---|---|---|
| Millennium International Management LP | 1.56% | 19.04.23 |
| Total | 1.56% |
GB00BNR5MZ78
LEI213800RGNXXZY2M7TR85
SectorAsset Management & Custody Banks
Listed Stock ExchangeFTSE 100
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