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Tw metals ltd
Registration Number
00961098Incorporation Date
28/08/1969Last Annual Return
Not availableAddress
Unit 43, Nursling Industrial Estate, Southampton, Hampshire. SO16 0AF
Website
www.twmetals.comAudit Fees
£221,000Secretary
Ms Amanda Brewer
Directors
Active
Mr Henry Craft O'Neal (65 yrs)
Active
Ms Gail Lisa Thomas (64 yrs)
Active
Mr Kirk Elwood Moore (63 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 84590 | 125530 | 151978 | 176035 | 207721 |
| Directors Fees | 371 | 585 | 639 | 879 | 1055 |
| Gross Profits | 20398 | 33398 | 37574 | 43063 | 50814 |
| Value Added | 16014 | 26810 | 30605 | 35313 | 42492 |
| Trading Profit | 4719 | 11705 | 13567 | 16174 | 21947 |
| Depreciation | 1283 | 1257 | 1372 | 1362 | |
| Non-Trading Income | 148 | 0 | 0 | 8 | 0 |
| Total Interest Charges | 359 | 345 | 730 | 508 | 610 |
| Pre-tax Profit | 3225 | 10103 | 11465 | 14312 | 19703 |
| Retained Profit (Shareholders Funds) | 326 | 8884 | 9987 | 9634 | 8587 |
| Fixed Assets | 11371 | 11555 | 11713 | 10982 | 13178 |
| Intangibles | 4581 | 4007 | 3438 | 2872 | 3446 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 39616 | 52582 | 58986 | 60223 | 71063 |
| Debtors | 17270 | 30902 | 33322 | 35262 | 41609 |
| Cash or Equivalent | 8174 | 4903 | 7338 | 8237 | 2059.25 |
| Total Current Assets | 65060 | 88387 | 99646 | 103722 | 114731 |
| Creditors | 9226 | 14286 | 17068 | 15760 | 21386 |
| Short Term Borrowing | 3759 | 9113 | 9211 | 4833 | 2161.25 |
| Other Current Liabilities | 4788 | 8823 | 8945 | 9873 | 11848 |
| Total Current Liabilities | 17773 | 32222 | 35224 | 30466 | 35395 |
| Net Current Assets | 47287 | 56165 | 64422 | 73256 | 79336 |
| Shareholders Funds | 56653 | 65537 | 75524 | 85158 | 93745 |
| Total Loan Capital | 4922 | 3559 | 1733 | 635 | 635 |
| Other Capital Employed | 1664 | 2631 | 2316 | 1317 | 1580 |
| Total Capital Employed | 63239 | 71727 | 79573 | 87110 | 95960 |
| Pretax Profit Margin % | 3.81 | 8.05 | 7.54 | 8.13 | 9.49 |
| Sales Growth % | -4 | 48 | 21 | 16 | 18 |
| Pretax Profit Growth % | 20 | 213 | 13 | 25 | 38.00 |
| Debtor Ratio Days | 74 | 90 | 80 | 73 | 72.9137273837589 |
| Creditor Ratio Days | 40 | 41 | 41 | 33 | 37.4762746044821 |
| Stock Turnover | 2 | 2 | 3 | 3 | 2.9230526543015 |
| Sales £000 / Employee | 312 | 420 | 456 | 497 | 547.001412429379 |
| Value Added £000/Empl. | 59 | 90 | 92 | 100 | 111.821052631579 |
| Av. Remun. £000 / Empl. | 42 | 51 | 51 | 54 | 54.0649717514124 |
| Total Empl. Remu. £000 | 11295 | 15105 | 17038 | 19139 | 20544.6892655367 |
| Employees | 271 | 299 | 333 | 354 | 380 |
| Pretax Profit/Total Assets % | 4 | 10 | 10 | 12 | 15 |
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 15.8% in the latest year, well above the industry average of -10.8%.
- The company lies an excellent 4th in terms of Total Sales in this industry.
- The company lies an excellent 3rd in terms of Pretax Profits in this industry.
- Sales per Employee is £497,000 which is well above the industry average of £343,000.
- The average salary is £54,000 which is well above the industry average of £46,000.
- 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 1 other company achieved this
- Pretax Profit Margin is 8.1% in the latest year, well above the industry average of 3.0%.
- Formal debt of the company has decreased by £5.5m, a fall of 50%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is the only Best Trading Partner in this industry (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 15 in terms of Trading Profits.
Company Summary
The company currently has £176m sales and made £14.3m, by following the proposal plan, sales would rise to £208m and profits would rise to £19.7m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £176m 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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 84590 | 125530 | 151978 | 176035 | 207721 |
| Pre-tax Profit (£000) | 3225 | 10103 | 11465 | 14312 | 19703 |
| Total Value (£000) | 91873 | 154211 | 171629 | 187794 | 236136 |
| Asset Value (£000) | 72838 | 99046 | 107459 | 109339 | 129296 |
| Goodwill (£000) | 19035 | 55165 | 64170 | 78455 | 106840 |
| Liabilities (£000) | -16185 | -33509 | -31935 | -24181 | -35551 |
| Equity Value (£000) | 75688 | 120702 | 139694 | 163613 | 200585 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
TW METALS, LLC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
LOCATE SUPPLIES LTD
PHILIP CORNES SOUTH EAST ASIA PTE. LTD
PHILIP CORNES & COMPANY LTD
THE PHILIP CORNES GROUP CO. LTD
TUBESALES (U.K.) LTD
TW METALS
TW METALS HOLDINGS (SEA) PRIVATE LTD
TW METALS ITALY S.R.L.
TW METALS POLSKA SP. Z O.O.
Acquisition / Valuation Comments
This company has been established 57 years.
The number of shareholders is low (1).
3 directors are over 60 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £187.8m 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 15% return on total assets.
The company's value would increase by 26% if the proposed business plan was followed.
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