OverviewSuggest Edit

Melrose is a company that buys and improves manufacturing and industrial businesses. It owns and operates five businesses: Aerospace, Automotive, Powder Metallurgy, Nortek Air Management, and Other Industrial. GKN Aerospace is a multi-technology manufacturer of airframe and engine structures and electrical interconnection systems for the global aerospace industry. GKN Automotive is a supplier of automotive driveline technology and systems used across the automotive industry. GKN Powder Metallurgy specializes in precision powder metal parts for the automotive and industrial sectors, and the production of metal powder. Nortek Air Management offers heating, ventilation, and air conditioning (HVAC) solutions. The Other Industrial business provides turbogenerators, transformers and switchgear, and related services, as well as security, home automation, and access control technologies, and ergonomic products.

TypePublic
Founded2003
HQLondon, GB
Websitemelroseplc.net

Latest Updates

Employees (est.) (Dec 2019)55,621(-8%)
Job Openings254
Revenue (FY, 2019)£11 B(+28%)
Share Price (Apr 2021)£1.7(+5%)
Cybersecurity ratingAMore

Key People/Management at Melrose

Simon Peckham

Simon Peckham

Chief Executive
Justin Dowley

Justin Dowley

Non-Executive Chairman
Christopher Miller

Christopher Miller

Executive Vice-Chairman
David Roper

David Roper

Executive Vice-Chairman
Geoffrey Martin

Geoffrey Martin

Group Finance Director
Liz Hewitt

Liz Hewitt

Senior Independent Director
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Melrose Office Locations

Melrose has offices in London, Birmingham and Atlanta
London, GB (HQ)
Curzon St, Leconfield House
Birmingham, GB
11th Floor, The Colmore Building, 20 Colmore Circus Queensway
Atlanta, GA, US
1180 Peachtree, 1180 Peachtree St NE #2450
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Melrose Financials and Metrics

Melrose Revenue

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Melrose's revenue was reported to be £10.97 b in FY, 2019 which is a 27.4% increase from the previous period.
GBP

Revenue (H1, 2020)

4.1b

Gross profit (H1, 2020)

535.0m

Gross profit margin (H1, 2020), %

13%

Net income (H1, 2020)

(560.0m)

EBIT (H1, 2020)

(581.0m)

Market capitalization (26-Apr-2021)

8.1b

Closing stock price (26-Apr-2021)

1.7

Cash (30-Jun-2020)

339.0m

EV

12.0b
Melrose's current market capitalization is £8.1 b.
Annual
GBPFY, 2017FY, 2018FY, 2019

Revenue

2.1b8.6b11.0b

Revenue growth, %

135%311%27%

Cost of goods sold

1.4b6.9b8.7b

Gross profit

662.8m1.7b2.2b
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

2.9b5.7b4.1b

Cost of goods sold

2.4b4.6b3.6b

Gross profit

506.0m1.1b535.0m

Gross profit Margin, %

17%20%13%
Annual
GBPFY, 2017FY, 2018FY, 2019

Cash

16.3m415.0m317.0m

Accounts Receivable

312.5m1.9b1.5b

Inventories

218.9m1.5b1.3b

Current Assets

633.6m4.3b3.7b
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

426.0m340.0m339.0m

Accounts Receivable

2.0b

Inventories

1.6b1.5b1.3b

Current Assets

4.8b4.1b3.3b
Annual
GBPFY, 2017FY, 2018FY, 2019

Net Income

(23.9m)(475.0m)(51.0m)

Depreciation and Amortization

34.7m282.0m498.0m

Inventories

(8.1m)(108.0m)(12.0m)

Accounts Payable

(16.1m)(159.0m)(2.0m)
Half Year
GBPH1, 2018H1, 2019H1, 2020

Net Income

(276.0m)(165.0m)(568.0m)

Depreciation and Amortization

75.0m246.0m252.0m

Inventories

(22.0m)(92.0m)78.0m

Accounts Payable

(26.0m)(140.0m)(337.0m)
GBPFY, 2017

EV/EBIT

-687.2 x

EV/CFO

146.4 x

Revenue/Employee

184.3k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x

P/E Ratio

(1.8)
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Melrose Operating Metrics

FY, 2018FY, 2019

Manufacturing Facilities

54

Countries (Aerospace)

1515

Countries (Automotive)

2121

Technology Centers (Aerospace)

44
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Melrose Acquisitions / Subsidiaries

Company NameDateDeal Size
NortekJune 06, 2016$2.8 b
FKIMarch 22, 2008£478 m
Marelli MotoriMarch 22, 2008
Dunacast IntermationalMay 26, 2005
McKechnieMay 26, 2005
2GIG Technologies Canada, Inc.
Aerotron AirPower, Inc.
Alcester Capricorn
Alcester EP1 Limited
Alcester Number 1 Limited
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Melrose Revenue Breakdown

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Melrose revenue breakdown by business segment: 6.5% from Other Industrial, 35.0% from Aerospace, 37.8% from Automotive, 10.0% from Powder Metallurgy and 10.7% from Nortek

Melrose revenue breakdown by geographic segment: 55.4% from North America, 9.6% from United Kingdom, 22.1% from Europe and 12.9% from Other

Melrose Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Melrose Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Melrose Online and Social Media Presence

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Melrose News and Updates

GKN owner Melrose starts unit sale as annual profit plummets

Melrose Industries said on Thursday it had begun processing the sale of its Nortek air-conditioning division as the company posted The post GKN owner Melrose starts unit sale as annual profit plummets appeared first on CityAM.

Melrose Restarts Sale Process for $3.5 Billion Nortek Division

Melrose Restarts Sale Process for $3.5 Billion Nortek Division

Londra: Melrose Industries in rally

Grande giornata per Melrose Industries, che sta mettendo a segno un rialzo del 3,24%.

Melrose's GKN Plans To Close Factory Making Parts For Car Companies

Manufacturing giant GKN, owned by FTSE 100-listed Melrose Industries PLC, is proposing to close a factory making parts for the automotive industry, threatening over 500 job losses. Unite said it was seeking urgent talks to discuss the future of the plant in Birmingham, which GKN has owned since t…

Melrose breathes fresh life into $3.5bn Nortek ventilator sale

Melrose Industries, the FTSE-100 industrial turnaround group, is reviving plans to sell its US-based air conditioning arm for more than $3.5bn. Sky News understands that Melrose has hired bankers from RW Baird and Citi to oversee an auction of Nortek, which it bought nearly five years ago.

Results of General Meeting

Melrose is pleased to announce that at a General Meeting of the Company held on 21 January 2021, each of the two proposed Ordinary Resolutions was passed on a poll. Further details of each of the resolutions are set out in the Notice of Meeting, which was sent to shareholders on 29 December 2020.
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Melrose Frequently Asked Questions

  • When was Melrose founded?

    Melrose was founded in 2003.

  • Who are Melrose key executives?

    Melrose's key executives are Simon Peckham, Justin Dowley and Christopher Miller.

  • How many employees does Melrose have?

    Melrose has 55,621 employees.

  • What is Melrose revenue?

    Latest Melrose annual revenue is £11 b.

  • What is Melrose revenue per employee?

    Latest Melrose revenue per employee is £197.2 k.

  • Who are Melrose competitors?

    Competitors of Melrose include MTU, Icahn Enterprises and Ashtead Group.

  • Where is Melrose headquarters?

    Melrose headquarters is located at Curzon St, Leconfield House, London.

  • Where are Melrose offices?

    Melrose has offices in London, Birmingham and Atlanta.

  • How many offices does Melrose have?

    Melrose has 3 offices.