Goodwin (LSE:GDWN) is potentially a solid example. The shares collapsed 47% in a single day in March – a dramatic sell-off triggered by a surprise trading update. But when digging a little deeper, this may have secretly created an exciting buying opportunity.

Let’s take a closer look.

What does Goodwin actually do?

Goodwin is a specialist industrial engineering group operating across two core divisions.

Its Mechanical Engineering arm manufactures highly complex valves, pumps, and castings for some of the most demanding environments on the planet. Think naval defence vessels, nuclear decommissioning facilities, and liquefied natural gas infrastructure.

On the other hand, its Refractory Engineering segment produces precision materials used in jewellery casting and high-performance industrial applications.

In short, Goodwin is a niche, technically demanding business that very few competitors can replicate. And that’s precisely what makes the recent sell-off so interesting.

So why did the shares crash?

The March trading update revealed that Goodwin had unexpectedly lost two significant tenders worth approximately £60.6m combined. This included a £45m contract with the Sellafield nuclear site and an €18m coastal radar contract for Estonia.

For a business of Goodwin’s size, that’s a meaningful setback. Add in some delayed valve dispatches on Middle East LNG contracts due to geopolitical uncertainty, and the market’s reaction becomes understandable.

But here’s what the panic sellers may have missed.

Despite these challenges, management nonetheless reiterated its full-year guidance with the group’s fixed order book standing at £288m. That’s because the company continues to sit on a significant pipeline of active defence and nuclear decommissioning projects that haven’t been formally contracted yet.

This ‘shadow’ order book is a powerful hidden tailwind. Defence spending and nuclear decommissioning are surging across Europe, representing a multi-decade structural opportunity that isn’t going away.

Does that make Goodwin a guaranteed winner? Of course not.

We’ve already seen how surprise tender losses and geopolitical disruption can have an impact on Goodwin’s share price. And with its Refractory Engineering segment tied strongly to the global jewellery market, higher precious metal costs as well as a general softness in luxury goods are proving to be a drag on performance.

So, what’s the verdict?

The bottom line

For long-term investors, a massive share price collapse in a fundamentally sound business with a robust order book and a hidden project pipeline is exactly the kind of dislocation that can create rare buying opportunities.

Looking at Goodwin, I can’t help but feel the market has overreacted here. That’s why I’m already considering adding this business to my portfolio. And it’s not the only interesting growth stock on my radar right now…

The post Down 47%, is this growth stock finally worth buying in May? appeared first on The Twelfth Magpie.

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Crunching the numbers

There are lots of different ways to earn a passive income in the stock market. The most popular is arguably investing in dividend shares. But for investors like me who prefer owning more growth-oriented businesses, it’s still possible to generate an income by trimming a few shares each month.

If the goal is to earn £1,000 a month, or £12,000 a year, then following the 4% withdrawal rule means I’ll need a Stocks and Shares ISA worth around £300,000.

Obviously, that’s not pocket change. And for many, it might seem out of reach. But it’s actually a far more achievable goal than what most might think.

How can I make £300,000?

Let’s say I’m starting from scratch today, and my ISA portfolio matches the UK stock market’s average performance of generating an 8% annualised return. Then, by simply investment my £20,000 annual allowance for 10 years would result in an ISA worth £304,971.04.

Of course, not everyone has the luxury of being able to invest roughly £1,667 each month. But the good news is, even with £500 to spare on a monthly basis, the destination is still achievable in just over 20 years.

But being patient for two decades is obviously less than ideal. So beyond investing more money, is there another way to accelerate the wealth-building process?

How to target bigger gains

Instead of matching the stock market’s average return, investors can seek to beat it with a custom-crafted portfolio of hand-picked stocks. And by owning the right businesses, the returns can be game-changing.

Take Goodwin (LSE:GDWN) as a perfect example. Over the last 10 years, anyone who’s been reinvesting dividends has earned a staggering 24.06% annualised return – three times the stock market average!

At this rate, drip feeding £500 each month would now be worth £245,104.05 – 82% of the way towards the target of £300k in half the time. And those investing £20,000 a year over the last decade are now sitting on a staggering £817,176.92!

Is Goodwin still a buy?

The company’s a family-controlled precision engineering group that’s embedded in a series of multi-decade contracts, with some running into as late as the 2060s, providing management with exceptional revenue visibility.

With Goodwin recently repositioning its business to focus on higher-margin defence and nuclear contracts, trading profits across the first six months of its 2026 fiscal year (ending in April) have more than doubled from £17.1m to £37.2m. And the long duration of Goodwin’s contracts organically creates structural tailwinds, granting impressive operating leverage.

Of course, this strategic pivot also has its downsides. Both the nuclear and defence industries are complex, technically demanding, and heavily regulated. Contract delays, changes in design requirements, or political priority shifts could all adversely impact the future order book and profit timelines.

So is the risk worth it? That ultimately depends on an investor’s individual risk tolerance. But in my opinion, Goodwin has the hallmark traits of an exceptional quality compounder that deserves a closer look.

The post How much do I need in a Stocks and Shares ISA to earn £1,000 a month? appeared first on The Twelfth Magpie.

Pan African Resources (LSE:PAF) leads the pack, with a market-crushing return of 797%. Next comes a huge 348% gain from TBC Bank Group (LSE:TBCG), while Goodwin (LSE:GDWN) narrowly gets bronze with 313%. Note, none of these returns include dividends!

So, here we have an African-focused gold miner, an emerging markets bank (Georgia’s TBC), and family-run engineer Goodwin. An honourable mention should go to construction group Galliford Try, which has also returned around 312% over five years.

What has driven these extraordinary gains?

Benefiting from big investing trends

Pan African’s eye-popping gain can be summed up with one word: gold.

As a gold miner, its profits are highly leveraged to the price of the yellow metal. And even after the recent pullback, gold is still up by roughly 175% in five years.

When gold prices soar, a miner’s profits will often grow much faster than the price of the metal itself because extraction costs stay relatively fixed. As such, Pan African’s net profit has exploded from $44m in 2020 to an expected $470m this fiscal year (ending June). Wow!

Meanwhile, Goodwin’s benefitting from the defence and nuclear renaissance. It makes high-integrity castings, particularly those that don’t melt under extremely high temperatures. Not many companies in the world specialise in these.  

Bottom-line profits have grown at an annualised rate of 25% since 2020. And Goodwin investors have enjoyed lots of dividends along the way. 

Is either still worth considering?

The last time I wrote about Goodwin (in October), I concluded that the stock looked too pricey. Back then, the price-to-earnings (P/E) ratio was 60 while the dividend yield was just 1.4%.

Since then though, the Goodwin share price has crashed almost 40%. And now we have a P/E ratio of 24 and a 2.2% yield that may be worth considering.

Much of this loss came in a single day in March when Goodwin revealed it had lost two major tenders in its Mechanical Engineering division (worth about £60m). And it has delayed the dispatch of valves to some customers due to the Iran war.

Taking a longer-term view, however, it should have plenty of growth options across the European nuclear, aerospace and defence sectors. After all, it has finally dawned on Europe that these things are actually rather important in a fragmenting international order.

Pan African’s fate will, of course, be dictated by the gold price. Personally, I prefer Fresnillo from the FTSE 100 as it mines silver too. But both stocks could tank if gold does.

Ultra-cheap stock

Turning to TBC, I’m more bullish on this bank stock. It’s trading at just 5.7 times forward earnings, while offering a 6.2% forecast dividend yield.

Granted, any economic downturn in Georgia is a risk, while the political scene there is still on edge. But this economy is tipped to grow strongly for years, as is Uzbekistan’s (TBC’s second market).

The lender is extremely profitable, benefitting from its duopolistic position in Georgia and an increasingly digital-first approach. Given the extremely low valuation, strong growth potential, and generous starting dividend yield, I think TBC stock is still worth looking at today.

The post Meet the skyrocketing FTSE 250 stocks up by more than 300% in five years! appeared first on The Twelfth Magpie.

But how much money have investors actually made?

Five-year returns of UK shares

Let’s say someone put £5,000 to work five years ago in April 2021. The amount of money they have today ultimately depends on where they decide to invest this capital.

Looking at the results, it seems that quality large-cap stocks have stolen the show, with mid- and small-cap shares lagging.

There are several explanations behind these patterns. Smaller businesses are typically more dependent on domestic economic conditions, with larger players often generating the bulk of their revenue from overseas. And it’s no secret that the UK economy isn’t exactly in terrific shape at the moment.

However, that doesn’t mean that UK small-cap shares have been bad investments. For smart stock pickers, this area of the stock market has generated some very lucrative gains that have even outpaced the FTSE 100. And one such example is Goodwin (LSE:GDWN).

Even after a recently dramatic sell-off, the once-small-cap stock has still surged by almost 300%. And for anyone who’s been reinvesting dividends paid along the way, that total return has been closer to 360%, transforming £5,000 into a staggering £23,000!

So the question now, following the sell-off, is whether a rare buying opportunity has emerged for this high-quality compounder?

What’s going on with Goodwin?

Following a recent trading update, Goodwin shares collapsed by close to 48% in a single day.

The cause? The update revealed that two significant contract tenders worth roughly £60m were unexpectedly lost. And when compounding this with the impact of order delays coming from the Middle East, management signalled its intention to revert to a more cautious dividend policy. Obviously, that isn’t good news.

But it’s worth pointing out that even with the update, the group’s underlying order book is still pretty substantial. At the same time, the defence and nuclear power tailwinds Goodwin’s been riding are still very much intact.

The sudden contract losses undoubtedly raise some questions about Goodwin’s competitive positioning. But two contract losses aren’t enough to determine a structural rather than a one-off problem.

As such, seeing the market-cap effectively chopped in half definitely seems like an extreme overreaction. However, it’s worth highlighting that Goodwin shares were trading at a massive premium of over 40 times earnings.

Today, with the price-to-earnings ratio now sitting closer to around 22, investors may be looking at an attractive entry point for what is still one of the best-performing UK shares of all time. That’s why I think now’s the perfect time to investigate and mull this potential buying opportunity.

The post £5,000 invested in UK shares 5 years ago is now worth… appeared first on The Twelfth Magpie.

Despite these stellar returns, most investors have never heard of this under-the-radar business. What’s more, there’s currently no coverage from institutional analysts either.

So what exactly does this business do? Why has the stock suddenly exploded, and is it too late for investors to consider buying?

A hidden gem

Let’s start with a quick introduction. Goodwin’s a specialist engineering business that manufactures high-integrity steel castings as well as metallurgical powders used in high-temperature industrial processes. Its niche focus makes it easy to overlook.

But in October 2025, management widened its horizons. After years of positioning itself as a preferred incumbent supplier for naval defence programmes, management gradually secured a series of lucrative defence contracts. This includes deals to supply components for the US and Royal Navy for nuclear submarines, destroyers, frigates, and aircraft carries.

The combined impact of these deals is game-changing. And the company announced pre-tax profits for fiscal 2026 (ending in April) are now expected to reach at least £71m, representing a minimum 100% jump in year on year earnings.

This isn’t just a one-time gain either. The company’s now embedded in multi-decade contracts with some spanning into the 2040s and even 2060s, giving Goodwin an unprecedented level of long-term revenue visibility that other industrial companies can only dream of.

The subsequent pricing power that comes with its preferred supplier status has boosted the firm’s return on equity to an industry-leading 35%. And when combining rapid growth with exceptional shareholder value creation, it’s no wonder this FTSE 250 stock has skyrocketed.

What could go wrong?

As a business, Goodwin looks borderline flawless. Even the balance sheet is in tip-top shape. But like all investments, buying shares today still comes with risk.

After such a stellar surge in its share price, the engineering specialist trades at a pretty lofty premium of 45 times earnings. That’s not entirely unjustified, given the secure nature of its future cash flows. Nevertheless, it opens the door to significant volatility. And this is at risk of being massively amplified due to its ownership structure.

A big reason why institutional investors have ignored this business is that there are very few shares available to buy. The Goodwin family owns close to 54% of the business either directly or indirectly through a private holding company. And with only 2.7 million shares out of 7.5 million available for trading, liquidity is extremely thin.

Put simply, even a modest amount of selling pressure could trigger violent price movements. And if the controlling Goodwin family start making questionable strategic decisions, a lot of the recent share price gains could quickly disappear.

The bottom line

Goodwin’s ownership structure makes it exceptionally difficult for institutional investors to build meaningful positions. Luckily for retail investors, that’s a problem they don’t have. And while the lack of coverage certainly makes due diligence harder, it also means fewer investors are paying attention to a genuinely exceptional FTSE 250 business.

That’s why, despite the risks, I’m taking a much closer look at this enterprise.

The post Up 241%! Why is no one talking about this gem of a FTSE 250 stock? appeared first on The Twelfth Magpie.

Many investors, me included, now have outsized exposure to BAE Systems, with its shares soaring 50% in the last year, and 325% over five. It’s a mighty £50bn business but looks expensive with a price-to-earnings (P/E) ratio pushing 30. Is there better value elsewhere?

Goodwin is a good ‘un

Family run engineering group Goodwin (LSE: GDWN) has a history stretching back to 1883 and has built a global business around precision engineering for the energy and industrial sectors. Today, the FTSE 250-listed group’s defence arm is leading the charge.

I was all ready to buy Goodwin a year ago, then got distracted. Now I feel it’s too late with the shares up a painful 290% over 12 months (painful for me, that is). Over five years they’re up almost 900%, lifting its market cap to £2bn. Investors who think BAE Systems is too expensive will tremble at Goodwin’s P/E though, which is nudging 82.

Expectations are just too high. In December, first-half trading profit almost doubled to £37.2m, but the shares still retreated. Some might consider Goodwin with a long-term view, but it’s too expensive for me.

Chemring is on fire too

Defence-tech specialist Chemring Group (LSE: CHG) is a sluggard by comparison, it shares are up 45% over one year and ‘only’ 85% over five.

They’ve stalled over the last six months though, despite it reporting a 31% increase in pre-tax earnings to £67.7m in December. Chemring’s order book climbed by a fifth to a record £1.34bn. That provides 76% coverage for 2026 earnings.

Lately, the shares have trailed, as mentioned. Its Sensors & Information business has been hit by delays in UK government spending and contract timings, while costs have been higher than expected on certain projects, notably its Norwegian plant. 

Chemring is winning high-margin business in intelligence work, via its Roke division, and that could drive growth in future. With a P/E of 26.5 and market cap of just £1.4bn, I think it’s worth considering for investors looking to diversify away from big gun BAE Systems.

Qinetiq almost looks a bargain

Finally, there’s Qinetiq Group (LSE: QQ), which may tempt bargain seekers like me. It shares are up a modest 28% over the year, and 75% over five. The P/E is easily the lowest here at 19.1. The market cap is £2.7bn.

Last month, Qinetiq forecast organic annual revenue growth of 3%, which is modest for this sector, citing near-term uncertainty over client spending. It nonetheless boasts an order backlog of around £5bn, and a qualified pipeline of £11bn, which says gives it “long-term visibility”. Cash flow is strong too.

Qinetiq has posted some big wins, including mission critical engineering services for Typhoon jets, while its DragonFire laser programme will deliver next‑generation counter‑drone capabilities for the Royal Navy. With laser shots costing as little as £10, this could be a huge growth area given the changing nature of warfare.

Qinetiq strikes me most as worth a further look. But I’d say BAE Systems and Chemring are also worth considering today with a long-term view as the world sadly gets more warlike.

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So want to start earning £45,000 a year from the stock market without having to work for it? Here’s how to get started.

Setting targets

On average, UK shares typically pay a dividend yield of around 4%. But with a bit of careful selection, it’s possible to craft a portfolio that provides a payout closer to 5% without taking on too much additional risk.

At this elevated rate, to earn £45,000 a year passively, a portfolio needs to be valued at £900,000. That’s certainly a daunting figure that may seem impossible to reach. But the reality is. Thanks to compounding, anyone who can put aside £500 each month can reach this threshold given enough time.

Assuming the custom income portfolio also generates a further 3% in capital gains each year, the total return sits at 8% – roughly the same as the UK stock market average. And by consistently investing £500 a month at this rate for just 32 years, a portfolio will surpass the £900k threshold when starting from scratch.

That’s a nice way to set up a strong retirement, but waiting for three decades is far from ideal. This is where better stock picking can save the day.

What if instead of earning 8%, a smarter investor earns closer to 12%? In this scenario, the journey is shortened by seven years.

Unlocking higher gains

While simple on paper, unlocking a double-digit annualised return is far easier said than done. However, there are plenty of UK shares that have delivered even better results as Goodwin (LSE:GDWN) shareholders have learned first-hand.

Over the last 20 years, the engineering group has generated a jaw-dropping 6,762% total return for shareholders. That’s the equivalent of a 23.5% annualised return.

Just to put this extraordinary performance into perspective, anyone whose been drip feeding £500 a month in Goodwin shares since 2006 is now sitting on a life-changing £2,656,958 – enough to generate a £132,848 passive income if reinvested at a 5% yield.

Is it too late?

At a market-cap of £2bn, Goodwin’s days of generating 20%+ annualised returns are likely in the rear-view mirror. But that doesn’t mean the stock can’t continue to be a market beater.

The group’s order book continues to expand, revenue growth is still surging and operating profits are following along. And this momentum is only being further amplified by the group’s recent partnership with Northrop Grumman, which turned Goodwin into a sole-supplier for a critical component in a 30-year US submarine contract.

However, while transformational, this partnership also introduces significant customer concentration risk that’s only amplified by the cyclical nature of its other contracts. And should its relationship with Northrop Grumman end earlier than expected, or recessions shift infrastructure project priorities by the UK or US governments, Goodwin’s lofty valuation exposes the shares to potentially extreme volatility.

Nevertheless, with an impressive track record of defying expectations, this business could be worth a closer look.

The post How to target a £45,000 passive income with UK shares and never work again! appeared first on The Twelfth Magpie.

But few often realise just how simple it might be to turn this dream into a reality. All it might take is three simple steps that anyone can start right now.

Prepare, save, invest

In 2026, the stock market continues to be the best way for ordinary people to build long-term wealth. But before someone can begin their wealth-building journey, some preparation’s needed.

The stock market can and will occasionally throw a tantrum, creating substantial volatility in even a diversified portfolio. The same’s true of life in general. A car can suddenly break down, or a leak starts coming through the roof.

To protect against these unexpected scenarios, the first thing investors need to do is build an emergency fund. The amount needed depends on the individual. But a good general rule of thumb is to put aside at least six months of living expenses.

The next step is to start saving consistently. Whenever a paycheck comes in, take a chunk of whatever’s left after critical bills (rent, food, etc.) and keep it aside. Then, finally, with an emergency fund and a healthy monthly savings habit in place, it’s time to start putting those savings to work by investing in the stock market.

If the goal is to beat today’s State Pension of £12,548 a year, then following the 4% withdrawal rule, a portfolio will need to be worth at least £313,700. But by investing a modest sum each month, like £350, at an 8% average annualised rate, this target could be hit within just under 25 years.

Let’s speed things up

Being patient for 25 years is obviously less than ideal. But while there’s no magic bullet to suddenly unlock over 300 grand overnight, there are some clever ways to speed things along, like stock picking.

Anyone who chose to invest £350 each month directly into Goodwin (LSE:GDWN) shares instead of an index fund over the last 15 years is already beating the State Pension.

Since January 2011, Goodwin shares have generated a total return of 2,563%. That’s the equivalent of 24.5% a year. And £350 invested each month during this impressive period is now worth £634,547 in 2026 – enough to double the State Pension!

Still worth considering?

By supplying niche-but-critical alloy castings and other industrial materials, Goodwin has transformed itself into a key supplier for numerous industries, including aerospace, nuclear, and defence, among others.

In 2026, the structural demand for its materials remains in place, and is only being amplified by the growing levels of geopolitical tensions and a fortress balance sheet. But that doesn’t make it risk-free.

Its Mechanical Engineering segment is sensitive to highly cyclical industries like oil & gas as well as mining. And prolonged downturns in these key markets can weigh down on Goodwin’s performance.

Bottom line: at a market cap of £1.8bn, Goodwin shares may struggle to continue generating a near-25% annualised return for shareholders. But there nonetheless remains ample room for growth that investors seeking to eventually beat the State Pension can capitalise on. That’s why I think this stock deserves a closer look in 2026.

The post 3 steps aimed at getting richer, retiring early, and beating the State Pension appeared first on The Twelfth Magpie.

Goodwin shares fly

One of them already shooting the lights out is family-run engineering group Goodwin (LSE: GDWN). A business that stretches back to 1883, it’s steadily built a global business around precision engineering for the defence, energy, and industrial sectors. Last year, the shares went bananas.

I planned to buy before its preliminary results on 30 July but forgot while sunning myself on a Spanish beach. When I returned, the Goodwin share price had rocketed after preliminary results showed profits jumping 47% to £35.5m on revenue of £220m.

The shares have continued to smash it, boosted by a major US submarine partnership and a special dividend in October. Its shares are up 225% in a year and 695% over five. But with a price-to-earnings ratio of 71, they’re just too expensive for me today. And yes, I’m still kicking myself.

Chemring Group’s a winner too

Shares in Chemring Group (LSE: CHG), which makes defence countermeasures, sensors and explosives, are up 62% in the last year. In December, it reported a 31% jump in pre-tax earnings for the year to 31 October, with orders up a fifth to £1.35bn. The board has ambitious plans to double revenue to around £1bn by 2030.

The dreadful war in Ukraine and wider geopolitical uncertainty are clear drivers, as with all these stocks. A much-longed-for sudden peace deal, supply chain issues, or technical delays could hit growth. However, Chemring’s much cheaper than Goodwin, with a P/E of 27.5, and that gives it the edge for me. Defence sector P/Es are elevated across the board. For example, Babcock’s is at 29 and BAE Systems at 30.

Qinetiq lacks energy

Qinetiq Group (LSE: QQ) is the exception. It looks relatively cheap, with a P/E of 19.2. This is largely down to its relatively disappointing performance. The shares are up a modest 22% in the last year, trailing an otherwise bumper sector.

In November, Qinetiq posted a 4.9% drop in first-half earnings to £900.4m, which it blamed on the restructuring of its North American operations, and some order delays as clients focused on bigger contracts. It still secured £2.42bn of orders, up 133% on last year’s £1.03bn, while underlying net cash flow remained robust at £127.9m.

Qinetiq also has a £316m contract to deliver counter-drone capabilities for the Royal Navy, which is surely a huge growth area as robotic warfare takes off. I’ll need to do more research, but it’s the one I think investors could consider first, due to that modest P/E. It has scope to play catch-up, if it sorts itself out.

Investors should form their own view, which will partly depend on existing holdings. I’m heavily exposed to BAE Systems, so don’t need more sector exposure right now. And I think I’ve missed the boat with Babcock, following its unbelievable run.

The post Are these 3 under-the-radar FTSE 250 defence stocks set to fly like Babcock and BAE Systems? appeared first on The Twelfth Magpie.

Even when following the basic strategy of investing in index funds, £20,000 left to compound for a decade grows to more than double at an 8% annualised rate. And by maxing out the ISA allowance every year during this decade, this amount surges to just over £300,000!

Yet, this could be just the tip of the iceberg. For successful stock pickers, even without making any extra contributions, a £20,000 Stocks and Shares ISA 10 years ago could now be worth more than £340,000. Here’s how.

A quiet multi-bagger

With most investors distracted by prominent FTSE 100 stocks such as Lloyds or Rolls-Royce, not many investors have Goodwin (LSE:GDWN) on their radars. Yet, despite this lack of popularity, Goodwin shares have been among the best-performing investments of the last decade.

As a quick introduction, Goodwin is a UK-based specialist engineering group manufacturing high-integrity machined castings and mineral-based powders. It’s certainly not an institution most people encounter every day. But for the energy, jewellery, defence, mining, and steel industries, Goodwin sits at the heart of the value chain.

Since 2015, management’s shifted focus away from the cyclical oil & gas sector to capitalise on more consistent opportunities within the defence and nuclear sectors. And through a series of substantial contract wins as well as cornering the jewellery market among emerging countries, the profits have just continued to quietly compound.

The result? A 1,603.6% total return since December 2015. That’s the equivalent of 32.8% a year – 4.1 times more than the UK stock market’s average performance!

Still worth considering?

The result of all this phenomenal success is that Goodwin shares are now trading close to an all-time high. And yet, with a market-cap of just £1.55bn, the group still has plenty of momentum in its growth engine.

After securing lengthy submarine and nuclear contracts, its order book stretches out for years, not months. Goodwin’s recent partnership with Northrop Grumman has opened the door to the US defence supply chain. And with manufacturing efficiency on the rise, profit margins are seemingly set to expand even further.

This growth trajectory’s only being accelerated by the rise in global defence spending, particularly within the UK and Europe.

However, this also serves as a double-edged sword. If political priorities shift, defence spending could suffer, reducing opportunities for expansion. What’s more, it’s important to highlight that the Goodwin family still control the lion’s share of voting power, with the governance often being criticised for the lack of independent directors.

Put simply, if the Goodwin family start making questionable decisions, there’s little recourse available for shareholders.

Obviously, not everyone has the risk tolerance for investing in what essentially amounts to a private fiefdom.

Nevertheless, the Goodwin family have proven to be excellent stewards of their engineering empire. And with such an impressive track record combined with ample growth opportunity, it’s a business I’m currently considering for my own Stocks and Shares ISA.

The post Here’s how much a £20,000 Stocks and Shares ISA can be worth after 10 years of investing appeared first on The Twelfth Magpie.