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Barnett waddingham actuaries and consultants ltd
Registration Number
06498431Incorporation Date
08/02/2008Last Annual Return
Not availableAddress
2 London Wall Place, London, London. EC2Y 5AU
Website
www.barnett-waddingham.co.ukAudit Fees
£25,000Secretary
Mr Anthony Mark Broadhurst
Directors
Active
Mr Anthony Mark Broadhurst (53 yrs)
Active
Mr Andrew James Galrraith (55 yrs)
Active
Mr Samuel Charles Patrick Meldrum (52 yrs)
Active
Ms Michelle Robertson (47 yrs)
Active
Ms Jacqueline Mary Derrick (60 yrs)
Active
Mr Robert Hawkes (49 yrs)
Active
Mr Andrew David Roberts (50 yrs)
Active
Mr Andrew John Vaughan (61 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-May-21 | 31-May-22 | 31-May-23 | 31-May-24 | 30-May-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 77237 | 85031 | 104834 | 120699 | 142425 |
| Directors Fees | 202 | 246 | 273 | 148 | 178 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 62950 | 67426 | 82842 | 93622 | 102626 |
| Trading Profit | 2347 | 2894 | 5142 | 5265 | 7843 |
| Depreciation | 800 | 1154 | 1509 | 930 | |
| Non-Trading Income | 3 | 0 | 6 | 36 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 1550 | 1740 | 3639 | 4371 | 6727 |
| Retained Profit (Shareholders Funds) | -491 | 47 | 1164 | 1347 | 2623 |
| Fixed Assets | 3369 | 3406 | 2876 | 2750 | 3300 |
| Intangibles | 237 | 668 | 2223 | 6844 | 8213 |
| Intermediate Assets | 34 | 21 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 168 | 128 | 170 | 159 | 188 |
| Cash or Equivalent | 11879 | 7545 | 13312 | 8263 | 11496 |
| Total Current Assets | 12047 | 7673 | 13482 | 8422 | 11684 |
| Creditors | 685 | 574 | 2200 | 1351 | 1833 |
| Short Term Borrowing | 3673 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 7177 | 6788 | 10482 | 9854 | 11825 |
| Total Current Liabilities | 11535 | 7362 | 12682 | 11205 | 13658 |
| Net Current Assets | 512 | 311 | 800 | -2783 | -1974 |
| Shareholders Funds | 3734 | 3781 | 4945 | 6292 | 8915 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 417 | 624 | 955 | 520 | 624 |
| Total Capital Employed | 4151 | 4405 | 5900 | 6812 | 9539 |
| Pretax Profit Margin % | 2.01 | 2.05 | 3.47 | 3.62 | 4.72 |
| Sales Growth % | 4 | 10 | 23 | 15 | 18 |
| Pretax Profit Growth % | 2 | 12 | 109 | 20 | 53.90 |
| Debtor Ratio Days | 1 | 1 | 1 | 0 | 0.4795068724679 |
| Creditor Ratio Days | 3 | 2 | 8 | 4 | 4.6854456126397 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 63 | 65 | 74 | 77 | 84.9992957746479 |
| Value Added £000/Empl. | 51 | 52 | 59 | 60 | 61.2473143948437 |
| Av. Remun. £000 / Empl. | 49 | 49 | 55 | 57 | 56.5665813060179 |
| Total Empl. Remu. £000 | 60603 | 64532 | 77700 | 88357 | 94782.9636363636 |
| Employees | 1234 | 1305 | 1411 | 1562 | 1675.6 |
| Pretax Profit/Total Assets % | 10 | 15 | 20 | 24 | 29 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 15.1% in the latest year, well above the industry average of 11.7%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 4 other companies achieved this.
- Shareholders received £1.9m in dividends this year, over 43% of the pretax profits of the company.
- The Trading Stability chart shows a well above average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 9 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 2 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 36 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £121m sales and made £4.4m, by following the proposal plan, sales would rise to £142m and profits would rise to £6.7m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £121m TO SALES
- ATTRACTIVE PRICE
- HIGH DIVIDEND
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-May-21 | 31-May-22 | 31-May-23 | 31-May-24 | 30-May-25 |
| Total Sales (£000) | 77237 | 85031 | 104834 | 120699 | 142425 |
| Pre-tax Profit (£000) | 1550 | 1740 | 3639 | 4371 | 6727 |
| Total Value (£000) | 12553 | 14153 | 24799 | 32168 | 46226 |
| Asset Value (£000) | 3808 | 4223 | 5269 | 9753 | 11701 |
| Goodwill (£000) | 8745 | 9930 | 19530 | 22415 | 34525 |
| Liabilities (£000) | -73 | -441 | -325 | -3462 | -2786 |
| Equity Value (£000) | 12480 | 13712 | 24474 | 28706 | 43440 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BARNETT WADDINGHAM LLP
Immediate Shareholder: See Shareholders
Subsidiaries
BARNETT WADDINGHAM TRUSTEES (1980) LTD
BARNETT WADDINGHAM TRUSTEES (1984) LTD
BARNETT WADDINGHAM TRUSTEES (1996) LTD
BARNETT WADDINGHAM TRUSTEES (1997) LTD
HARSANT PENSIONEER TRUSTEES LTD.
MBWL INTERNATIONAL LTD
Acquisition / Valuation Comments
This company has been established 17 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £32.2m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 29% return on total assets.
The company's value would increase by 44% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 20%.
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