Goodwin PLC is a UK-based engineering company renowned for its expertise in precision engineering and refractory products. Established in 1883 and headquartered in Stoke-on-Trent, Goodwin PLC designs, manufactures, and supplies high-integrity engineering solutions for sectors such as defense, aerospace, oil & gas, and industrial applications. The company operates through two core segments: Mechanical Engineering and Refractory Engineering, delivering specialized components and solutions to industries that demand high performance and reliability.
The Mechanical Engineering division of Goodwin PLC focuses on producing mission-critical components, including dual-plate check valves and pressure-relief valves, which are essential for industries like oil & gas and defense. Meanwhile, the Refractory Engineering segment specializes in the development of mineral-based products used in casting, melting, and refining metals. These products cater to a diverse range of applications, including the jewelry, aerospace, automotive, and fire protection sectors, reflecting the company’s diverse industrial capabilities.
Goodwin PLC has established a reputation for consistent financial performance by targeting niche markets and maintaining strong customer relationships across the globe. The company has recently expanded its product portfolio and enhanced operational efficiencies, providing a solid platform for future growth. Goodwin PLC, listed on the London Stock Exchange (LSE) under the ticker LON:GDWN, remains a compelling option for professional investors seeking exposure to a well-established engineering firm with robust expertise in high-integrity engineering solutions.
Timothy Goodwin (Exec Chairman) has held the role since 2019. He has extensive experience within the engineering sector and is also a director of several other companies within the Goodwin group, bringing a long-standing involvement in the family business and a deep understanding of its operations.
Simon Goodwin (CEO) oversees the company’s strategic direction and operations. He has been a key member of the executive team, focusing on maintaining the company’s competitive edge in the global engineering industry.
Matthew Goodwin (FD) has a strong background in financial management within the engineering sector. His role includes managing the financial health of the company and supporting its long-term growth strategy.
| P&L | 30 Apr 2024 £~000 | 30 Apr 2023 £~000 |
|---|---|---|
| Revenue | 191,258 | 185,742 |
| Cost of sales | (113,371) | (7,221) |
| Gross profit | 77,887 | 68,769 |
| Profit ater tax | 17,716 | 16,513 |
| Total dividend/ share | 133p | 115p |
| Balance Sheet | 30 Sep 2023 £~000 | 30 Sep 2022 £~000 |
|---|---|---|
| Cash | 30,678 | 19,661 |
| Total assets | 284,228 | 262,833 |
| Total liabilities | (157,578) | (133,676) |
| Net assets | 126,650 | 129,157 |
City AM (Aug 2024): Profit soars in bumper year for Goodwin as investments pay off
Engineering group Goodwin PLC has reported another bumper year as efforts to break into new markets begin to pay off. The London-listed company saw its revenue soar to £191m in the 12 months ending April 30, 2024, up from £186m in the year before. As a result, Goodwin saw its pre-tax profit increase by 27 per cent to just over £24m from £19m in the year before. The group said this improved financial performance was the “direct result” of strategic investments made over the last decade, particularly the supply of components to the nuclear waste storage industry and naval propulsion and hull construction markets.
