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Hodge clemco ltd
Registration Number
00626216Incorporation Date
20/04/1959Last Annual Return
Not availableAddress
36 Orgreave Drive, Sheffield, South Yorkshire. S13 9NR
Website
www.hodgeclemco.co.ukAudit Fees
£14,000Secretary
Not available
Directors
Active
Mr Michael Currie (52 yrs)
Active
Mr Christopher Alden Pierce (47 yrs)
Active
Mr Sean Wieland (39 yrs)
Active
Mr John Robert Dodge (49 yrs)
Active
Ms Claire Twibell
Active
Ms Katherine Yang (41 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 39 | 52 | 52 | 52 |
| Total Sales (£000) | 14139 | 13309 | 17161 | 18671 | 20642 |
| Directors Fees | 84 | 37 | 276 | 109 | 131 |
| Gross Profits | 4174 | 3197 | 5460 | 7239 | 8003 |
| Value Added | 4236 | -427 | 3946 | 5377 | 6195 |
| Trading Profit | 1414 | -2312 | 740 | 1979 | 2780 |
| Depreciation | 227 | 165 | 213 | 221 | |
| Non-Trading Income | 0 | 0 | 0 | 6 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 1187 | -2477 | 527 | 1764 | 2515 |
| Retained Profit (Shareholders Funds) | 848 | -2140 | 394 | 1585 | 1058 |
| Fixed Assets | 2945 | 642 | 504 | 551 | 661 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 2781 | 3411 | 2938 | 2597 | 2871 |
| Debtors | 2850 | 2584 | 2755 | 2712 | 2998 |
| Cash or Equivalent | 3213 | 2042 | 3094 | 4964 | 6047 |
| Total Current Assets | 8844 | 8037 | 8787 | 10273 | 11916 |
| Creditors | 1817 | 1679 | 1438 | 1949 | 2478 |
| Short Term Borrowing | 760 | 491 | 539 | 10 | 0 |
| Other Current Liabilities | 1160 | 682 | 1092 | 970 | 1164 |
| Total Current Liabilities | 3737 | 2852 | 3069 | 2929 | 3642 |
| Net Current Assets | 5107 | 5185 | 5718 | 7344 | 8274 |
| Shareholders Funds | 7967 | 5827 | 6221 | 7806 | 8864 |
| Total Loan Capital | 0 | 0 | 0 | 30 | 0 |
| Other Capital Employed | 84 | 0 | 0 | 59 | 71 |
| Total Capital Employed | 8051 | 5827 | 6221 | 7895 | 8935 |
| Pretax Profit Margin % | 8.4 | -18.61 | 3.07 | 9.45 | 12.18 |
| Sales Growth % | -12 | -6 | 29 | 9 | 11 |
| Pretax Profit Growth % | 66 | -309 | 121 | 235 | 42.57 |
| Debtor Ratio Days | 73 | 53 | 58 | 53 | 52.8717262064164 |
| Creditor Ratio Days | 47 | 34 | 31 | 38 | 43.6961812436398 |
| Stock Turnover | 5 | 4 | 6 | 7 | 7.1894493646515 |
| Sales £000 / Employee | 196 | 182 | 220 | 246 | 270.238157894737 |
| Value Added £000/Empl. | 59 | -6 | 51 | 71 | 81.1011454643302 |
| Av. Remun. £000 / Empl. | 39 | 26 | 41 | 45 | 44.7105263157895 |
| Total Empl. Remu. £000 | 2822 | 1885 | 3206 | 3398 | 3415.262619788 |
| Employees | 72 | 73 | 78 | 76 | 76.3860974408145 |
| Pretax Profit/Total Assets % | 10 | -29 | 6 | 16 | 20 |
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 8.8% in the latest year, well above the industry average of 1.1%.
- Gross Profit Margin is 38.8% in the latest year, well above the industry average of 30.0%.
- Gross Profit Margin has markedly improved from 31.8% to 38.8% in the latest year.
- Sales per Employee is £246,000 which is well above the industry average of £208,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 9.4% in the latest year, well above the industry average of 6.4%.
- Pretax Profit Margin has markedly improved from 3.1% to 9.4% in the latest year.
- Formal debt of the company has decreased by £499,000, a fall of 93%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- NOTE THAT SOME ACCOUNTING PERIODS ARE NOT 52 WEEKS (* INDICATES THE AFFECTED CHARTS)
- 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 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £18.7m sales and made £1.8m, by following the proposal plan, sales would rise to £20.6m and profits would rise to £2.5m.
Key Attractiveness Features
- ADD £18.7m TO SALES
- ATTRACTIVE PRICE
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-Mar-21 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 14139 | 13309 | 17161 | 18671 | 20642 |
| Pre-tax Profit (£000) | 1187 | -2477 | 527 | 1764 | 2515 |
| Total Value (£000) | 14931 | -5563 | 10212 | 15195 | 19760 |
| Asset Value (£000) | 8576 | 6637 | 6197 | 5860 | 6530 |
| Goodwill (£000) | 6355 | -6637 | 4015 | 9335 | 13230 |
| Liabilities (£000) | -608 | -810 | 25 | 1946 | 2334 |
| Equity Value (£000) | 14323 | -810 | 10237 | 17141 | 22094 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
SURFACEPREP UK LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
WOLVERHAMPTON ABRASIVES LTD
Acquisition / Valuation Comments
This company has been established 66 years.
The number of shareholders is low (1)
1 director is under 40 years of age.
The total value of the company is currently £15.2m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 20% return on total assets.
The company's value would increase by 30% if the proposed business plan was followed.
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