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Poeton industries ltd

Gloucestershire. Registration No: 00246071

  • Registration Number

    00246071

  • Incorporation Date

    26/02/1930

  • Last Annual Return

    Not available

  • Address

    Eastern Avenue, Gloucester, Gloucestershire. GL4 3DN

  • Website

    www.poeton.co.uk

  • Audit Fees

    £30,000

  • Secretary

    Not available

Directors

Active

Mr James Robert Blackford (42 yrs)

Active

Mr James Alexander Poeton (40 yrs)

Active

Mr Alastair David McLeish (63 yrs)

Company

Industry Av.

Proposed

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) 8774 10429 15328 16487 17983
Directors Fees 314 238 342 239 287
Gross Profits 2497 3595 5955 5893 6428
Value Added 5356 6143 8837 9296 9686
Trading Profit 461 903 2231 2027 2489
Depreciation 371 408 345 336
Non-Trading Income -109 59 81 -18 0
Total Interest Charges 86 93 89 2 2
Pre-tax Profit -105 461 1878 1671 2084
Retained Profit (Shareholders Funds) 191 230 154 409 1003
Fixed Assets 2093 1801 1523 1922 2306
Intangibles 0 0 0 0 0
Intermediate Assets 107 85 85 224 269
Stocks 381 450 440 307 335
Debtors 1354 2013 2183 1974 2153
Cash or Equivalent 2480 2061 2923 3618 3271
Total Current Assets 4215 4524 5546 5899 5759
Creditors 398 537 758 740 928
Short Term Borrowing 344 689 1335 1315 0
Other Current Liabilities 715 922 1625 1333 1600
Total Current Liabilities 1457 2148 3718 3388 2528
Net Current Assets 2758 2376 1828 2511 3231
Shareholders Funds 2275 2505 2659 3068 4071
Total Loan Capital 1904 1322 152 143 0
Other Capital Employed 778 435 625 1446 1735
Total Capital Employed 4957 4262 3436 4657 5806
Pretax Profit Margin % -1.2 4.42 12.25 10.14 11.59
Sales Growth % -14 19 47 8 9
Pretax Profit Growth % 76 539 307 -11 25.00
Debtor Ratio Days 56 70 52 44 43.5819736762298
Creditor Ratio Days 17 19 18 16 18.78837872263
Stock Turnover 23 23 35 54 53.7035830618892
Sales £000 / Employee 58 67 79 82 90.2273631840796
Value Added £000/Empl. 35 40 46 46 48.6733668341709
Av. Remun. £000 / Empl. 32 34 34 36 36.1641791044776
Total Empl. Remu. £000 4895 5240 6606 7269 7196.67164179104
Employees 152 155 194 201 199
Pretax Profit/Total Assets % -2 7 26 21 25

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
  • Total Sales have increased by 7.6% in the latest year, well above the industry average of 1.2%.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • The £239,000 directors fees figure disclosed significantly affects the profitability of the company.
  • Shareholders received £900,000 in dividends this year, over 54% 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 2 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 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 22 companies listed under the Pretax Profits category (see section 3.2c).

Company

Industry Av.

Proposed

Company Summary

The company currently has £16.5m sales and made £1.7m, by following the proposal plan, sales would rise to £18.0m and profits would rise to £2.1m.

Key Attractiveness Features

  • ADD £16.5m TO SALES
  • FEW DIRECTORS
  • HIGH DIVIDEND
  • LOW SALES PER EMPLOYEE

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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 30-Dec-25
Total Sales (£000) 8774 10429 15328 16487 17983
Pre-tax Profit (£000) -105 461 1878 1671 2084
Total Value (£000) 5955 8014 15371 14077 16928
Asset Value (£000) 3935 4349 4231 4427 5063
Goodwill (£000) 2020 3665 11140 9650 11865
Liabilities (£000) -1659 -1844 -1572 -1359 -992
Equity Value (£000) 4296 6170 13799 12718 15936

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

AT POETON LTD

Immediate Shareholder: See Shareholders

Subsidiaries

POETON APTEC LTD

POETON POLSKA SP. Z O.O.

POETON (CARDIFF) LTD

POETON (GLOUCESTER) LTD

Acquisition / Valuation Comments

This company has been established 96 years.

The number of shareholders is low (1).

1 director is over 60 years of age.

The value of the company has fluctuated in the last 2 years.

The total value of the company is currently £14.1m including debts.

The equity value is high, indicating low levels of total liabilities.

The proposed year is based on achieving a 25% return on total assets.

The company's value would increase by 20% 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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