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George browns ltd
Registration Number
00340609Incorporation Date
24/05/1938Last Annual Return
Not availableAddress
Unit 5b, Ridgeway Court, Leighton Buzzard, Bedfordshire. LU7 4SF
Website
www.georgebrowns.co.ukAudit Fees
£10,000Secretary
Mr Christopher Bernard William Brown
Directors
Active
Mr Andrew Peter Brown (71 yrs)
Active
Mr Jack James Brown (34 yrs)
Active
Mr Steven George Brown (33 yrs)
Active
Mr Christopher Bernard William Brown (72 yrs)
Active
Mr Richard William Gray Brown (66 yrs)
Active
Mr Guy Llewellyn Cole-Pendrey (35 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 22599 | 27006 | 30094 | 34761 | 35839 |
| Directors Fees | 233 | 496 | 504 | 279 | 279 |
| Gross Profits | 4569 | 5128 | 5559 | 6248 | 6442 |
| Value Added | 4390 | 5224 | 5226 | 5603 | 6975 |
| Trading Profit | 440 | 951 | 378 | 879 | 2547 |
| Depreciation | 167 | 187 | 254 | 266 | |
| Non-Trading Income | 252 | 250 | 325 | 250 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 525 | 1014 | 449 | 863 | 2308 |
| Retained Profit (Shareholders Funds) | 493 | 1042 | 1017 | 729 | 518 |
| Fixed Assets | 6570 | 6887 | 6632 | 6742 | 6405 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 6 | 6 | 1006 | 1006 | 956 |
| Stocks | 6925 | 7860 | 10987 | 9490 | 8154 |
| Debtors | 1344 | 1785 | 2164 | 2971 | 2604 |
| Cash or Equivalent | 3043 | 3811 | 3271 | 2982 | 4963 |
| Total Current Assets | 11312 | 13456 | 16422 | 15443 | 15721 |
| Creditors | 3995 | 5111 | 6399 | 5704 | 6763 |
| Short Term Borrowing | 1436 | 1609 | 1272 | 1686 | 0 |
| Other Current Liabilities | 626 | 615 | 2233 | 891 | 891 |
| Total Current Liabilities | 6057 | 7335 | 9904 | 8281 | 7654 |
| Net Current Assets | 5255 | 6121 | 6518 | 7162 | 8067 |
| Shareholders Funds | 11830 | 12872 | 13889 | 14618 | 15136 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 143 | 268 | 292 | 292 |
| Total Capital Employed | 11830 | 13015 | 14157 | 14910 | 15428 |
| Pretax Profit Margin % | 2.32 | 3.75 | 1.49 | 2.48 | 6.44 |
| Sales Growth % | -2 | 20 | 11 | 16 | 3 |
| Pretax Profit Growth % | 93 | 93 | -56 | 92 | 167.00 |
| Debtor Ratio Days | 22 | 24 | 26 | 31 | 26.4442162193263 |
| Creditor Ratio Days | 64 | 69 | 77 | 60 | 68.6888869710308 |
| Stock Turnover | 3 | 3 | 3 | 4 | 4.3954899894626 |
| Sales £000 / Employee | 184 | 213 | 220 | 267 | 294.131538461539 |
| Value Added £000/Empl. | 36 | 41 | 38 | 43 | 57.243750065079 |
| Av. Remun. £000 / Empl. | 32 | 34 | 35 | 36 | 36.3384615384615 |
| Total Empl. Remu. £000 | 3950 | 4273 | 4848 | 4724 | 4427.74571796249 |
| Employees | 123 | 127 | 137 | 130 | 121.847363110738 |
| Pretax Profit/Total Assets % | 3 | 5 | 2 | 4 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 15.5% in the latest year, well above the industry average of 3.5%.
- Gross Profit Margin is 18.0% in the latest year, well above the industry average of 11.1%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 2.5% in the latest year, well above the industry average of 1.8%.
- Pretax Profit Margin has markedly improved from 1.5% to 2.5% in the latest year.
- Non Trading Income of £250,000 makes a large contribution to pretax profits of £863,000.
- Formal debt of the company has increased by £414,000, a rise of 33%.
- The company is among the Top 4 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 251 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £34.8m sales and made £863,000, by following the proposal plan, sales would be level but profits would rise to £2.3m.
Key Attractiveness Features
- ADD £34.8m TO SALES
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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 22599 | 27006 | 30094 | 34761 | 35839 |
| Pre-tax Profit (£000) | 525 | 1014 | 449 | 863 | 2308 |
| Total Value (£000) | 17375 | 22838 | 23929 | 24669 | 31054 |
| Asset Value (£000) | 14845 | 16538 | 20789 | 20209 | 18119 |
| Goodwill (£000) | 2530 | 6300 | 3140 | 4460 | 12935 |
| Liabilities (£000) | -3014 | -3667 | -6901 | -5591 | -2983 |
| Equity Value (£000) | 14361 | 19171 | 17028 | 19078 | 28071 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
GEORGE BROWN'S IMPLEMENTS (HOLDINGS) LTD (100.0%)
SUSAN MARGARET ELDEMAN & MICHAEL PETER BROWN - JOINT SHAREHOLDER
MR ARTHUR WILLIAM GRAY BROWN
MR ANDREW PETER BROWN
Immediate Shareholder: See Shareholders
Subsidiaries
G.B.I. FARMS LTD
Acquisition / Valuation Comments
This company has been established 87 years.
2 directors are over 70 years of age.
3 directors are under 40 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 £24.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 26% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 41%.
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