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Acorn engineering ltd
Registration Number
02178434Incorporation Date
14/10/1987Last Annual Return
Not availableAddress
Acorn House, 20 Wellcroft Road, Slough, Berkshire. SL1 4AQ
Website
www.aeglimited.co.ukAudit Fees
£30,000Secretary
Not available
Directors
Active
Mr Mark Arthur William Mervyn Lye (65 yrs)
Active
Mr Colin Powell (44 yrs)
Active
Mr Darren Milne (54 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) | 11498 | 13961 | 16176 | 22203 | 26200 |
| Directors Fees | 0 | 276 | 147 | 531 | 637 |
| Gross Profits | 2952 | 3094 | 3291 | 4585 | 5410 |
| Value Added | 5658 | 6150 | 7286 | 9902 | 11099 |
| Trading Profit | 1013 | 881 | 781 | 1385 | 1963 |
| Depreciation | 74 | 91 | 99 | 92 | |
| Non-Trading Income | 3 | 1 | 0 | 0 | 0 |
| Total Interest Charges | 3 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 939 | 791 | 682 | 1293 | 1853 |
| Retained Profit (Shareholders Funds) | 768 | 743 | 575 | 1140 | 776 |
| Fixed Assets | 168 | 220 | 163 | 75 | 90 |
| Intangibles | 438 | 385 | 346 | 282 | 338 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 1 | 1 |
| Debtors | 1544 | 1955 | 2408 | 3411 | 4025 |
| Cash or Equivalent | 3264 | 3383 | 3969 | 5136 | 6447 |
| Total Current Assets | 4808 | 5338 | 6377 | 8548 | 10473 |
| Creditors | 826 | 1294 | 1509 | 2485 | 3372 |
| Short Term Borrowing | 93 | 96 | 62 | 1 | 0 |
| Other Current Liabilities | 2120 | 1420 | 1623 | 1637 | 1964 |
| Total Current Liabilities | 3039 | 2810 | 3194 | 4123 | 5336 |
| Net Current Assets | 1769 | 2528 | 3183 | 4425 | 5137 |
| Shareholders Funds | 2290 | 3033 | 3608 | 4748 | 5524 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 85 | 101 | 85 | 34 | 41 |
| Total Capital Employed | 2375 | 3134 | 3693 | 4782 | 5565 |
| Pretax Profit Margin % | 8.17 | 5.67 | 4.22 | 5.82 | 7.07 |
| Sales Growth % | 0 | 21 | 16 | 37 | 18 |
| Pretax Profit Growth % | 370 | -16 | -14 | 90 | 43.31 |
| Debtor Ratio Days | 49 | 51 | 54 | 56 | 55.9205512768545 |
| Creditor Ratio Days | 26 | 34 | 34 | 41 | 46.8504706571184 |
| Stock Turnover | NA | NA | NA | 22203 | 22203 |
| Sales £000 / Employee | 106 | 114 | 112 | 123 | 134.935359116022 |
| Value Added £000/Empl. | 52 | 50 | 50 | 55 | 57.1631238880046 |
| Av. Remun. £000 / Empl. | 43 | 43 | 45 | 47 | 47.0552486187845 |
| Total Empl. Remu. £000 | 4645 | 5269 | 6505 | 8517 | 9136.41818181816 |
| Employees | 108 | 123 | 145 | 181 | 194.163636363636 |
| Pretax Profit/Total Assets % | 17 | 13 | 10 | 15 | 17 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 37.3% in the latest year, well above the industry average of 5.6%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 4.2% to 5.8% 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 5 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- 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 13 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 55 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £22.2m sales and made £1.3m, by following the proposal plan, sales would rise to £26.2m and profits would rise to £1.9m.
Key Attractiveness Features
- ADD £22.2m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
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) | 11498 | 13961 | 16176 | 22203 | 26200 |
| Pre-tax Profit (£000) | 939 | 791 | 682 | 1293 | 1853 |
| Total Value (£000) | 6845 | 7890 | 7062 | 12889 | 16904 |
| Asset Value (£000) | 2150 | 2560 | 2917 | 3769 | 4454 |
| Goodwill (£000) | 4695 | 5330 | 4145 | 9120 | 12450 |
| Liabilities (£000) | 140 | 472 | 690 | 979 | 1070 |
| Equity Value (£000) | 6985 | 8362 | 7752 | 13868 | 17974 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ACORN ENGINEERING GROUP LTD
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 38 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
The total value of the company is currently £12.9m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 17% return on total assets.
The company's value would increase by 31% if the proposed business plan was followed.
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