Results
Brightwell Trading Ltd — FY2023
Fictional wholesale distribution company · sample analysis
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Revenue
£4.82M
+12.4% YoY
Gross margin
38.1%
+1.8 pts
EBITDA
£712k
+18.2% YoY
Cash runway
9.4 mo
+1.1 mo
Plain-English summary
Brightwell Trading Ltd delivered a strong FY2023, with revenue growing 12.4% to £4.82M driven by stronger Q3 and Q4 order intake across its wholesale distribution channels. Gross margin expanded 180bps to 38.1% as input costs normalized and the sales mix shifted toward higher-margin private-label lines. EBITDA rose 18.2% to £712k, and operating cash generation funded a modest reduction in net debt. The balance sheet remains healthy with a current ratio of 1.9 and gearing below 40%. One area to watch: days sales outstanding crept up by 6 days versus FY2022, indicating slower customer collections in the second half.
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