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Cobham aluminium & stainless holdings ltd
Registration Number
07543335Incorporation Date
25/02/2011Last Annual Return
Not availableAddress
Parkway House, Unit 6, Parkway Industrial Estat, Wednesbury, West Midlands. WS10 7WP
Website
www.cobham.comAudit Fees
£64,000Secretary
Ms Morag Hale
Directors
Active
Mr Richard Whiting Colburn (82 yrs)
Active
Mr Andrew Roberts (50 yrs)
Active
Mr Shaun Anthony Hussey (62 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) | 87436 | 111980 | 139564 | 150148 | 163812 |
| Directors Fees | 20 | 27 | 23 | 10 | 12 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 21898 | 29721 | 39877 | 37731 | 42357 |
| Trading Profit | 6345 | 11269 | 17952 | 14864 | 19677 |
| Depreciation | 1103 | 1200 | 1260 | 1418 | |
| Non-Trading Income | 1 | 0 | 2 | 11 | 0 |
| Total Interest Charges | 67 | 38 | 136 | 150 | 180 |
| Pre-tax Profit | 5176 | 10031 | 16558 | 13307 | 17795 |
| Retained Profit (Shareholders Funds) | 4087 | 7931 | 13283 | -101 | 7984 |
| Fixed Assets | 5654 | 5474 | 5732 | 5594 | 6713 |
| Intangibles | 2226 | 1765 | 2762 | 1799 | 2159 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 22526 | 24821 | 42820 | 36994 | 40361 |
| Debtors | 15131 | 22570 | 25243 | 26324 | 28720 |
| Cash or Equivalent | 18968 | 26099 | 21859 | 18915 | 20910 |
| Total Current Assets | 56625 | 73490 | 89922 | 82233 | 89991 |
| Creditors | 13741 | 19045 | 19114 | 14544 | 18248 |
| Short Term Borrowing | 3959 | 4324 | 4361 | 4055 | 0 |
| Other Current Liabilities | 7422 | 9821 | 14058 | 10162 | 12194 |
| Total Current Liabilities | 25122 | 33190 | 37533 | 28761 | 30442 |
| Net Current Assets | 31503 | 40300 | 52389 | 53472 | 59549 |
| Shareholders Funds | 36908 | 44839 | 58122 | 58021 | 66005 |
| Total Loan Capital | 1681 | 1256 | 957 | 830 | 0 |
| Other Capital Employed | 794 | 1443 | 1802 | 2013 | 2416 |
| Total Capital Employed | 39383 | 47538 | 60881 | 60864 | 68421 |
| Pretax Profit Margin % | 5.92 | 8.96 | 11.86 | 8.86 | 10.86 |
| Sales Growth % | -6 | 28 | 25 | 8 | 9 |
| Pretax Profit Growth % | -34 | 94 | 65 | -20 | 33.73 |
| Debtor Ratio Days | 63 | 73 | 66 | 64 | 63.816607613821 |
| Creditor Ratio Days | 57 | 62 | 50 | 35 | 40.5474491834724 |
| Stock Turnover | 4 | 5 | 3 | 4 | 4.0587122236038 |
| Sales £000 / Employee | 255 | 327 | 386 | 367 | 403.821026894866 |
| Value Added £000/Empl. | 64 | 87 | 110 | 92 | 104.416338939014 |
| Av. Remun. £000 / Empl. | 45 | 54 | 61 | 56 | 55.9095354523227 |
| Total Empl. Remu. £000 | 15553 | 18452 | 21925 | 22867 | 22679.9772642593 |
| Employees | 343 | 342 | 362 | 409 | 405.654904494777 |
| Pretax Profit/Total Assets % | 8 | 12 | 17 | 15 | 18 |
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 7.6% in the latest year, well above the industry average of -10.6%.
- The company lies an excellent 3rd in terms of Pretax Profits in this industry.
- The average salary is £56,000 which is well above the industry average of £44,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 8.9% in the latest year, well above the industry average of 6.0%.
- Shareholders received £10.0m in dividends this year, over 75% of the pretax profits of the company.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 4 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 14 in terms of Trading Profits.
- 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 15 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £150m sales and made £13.3m, by following the proposal plan, sales would rise to £164m and profits would rise to £17.8m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £150m TO SALES
- ATTRACTIVE RATING
- 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) | 87436 | 111980 | 139564 | 150148 | 163812 |
| Pre-tax Profit (£000) | 5176 | 10031 | 16558 | 13307 | 17795 |
| Total Value (£000) | 71847 | 105110 | 160132 | 137991 | 167888 |
| Asset Value (£000) | 45537 | 54630 | 76557 | 70711 | 77953 |
| Goodwill (£000) | 26310 | 50480 | 83575 | 67280 | 89935 |
| Liabilities (£000) | -8629 | -9790 | -18433 | -12689 | -11948 |
| Equity Value (£000) | 63218 | 95320 | 141699 | 125302 | 155940 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
CLERKENWELL METALS INC. (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
ACTON BRIGHT STEEL LTD
EXPRESS METAL SERVICES LTD
SMITHS METAL CENTRES LTD
Acquisition / Valuation Comments
This company has been established 14 years.
The number of shareholders is low (1)
1 director is over 70 years of age.
The total value of the company is currently £138.0m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 18% return on total assets.
The company's value would increase by 22% if the proposed business plan was followed.
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