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Afs group holdings ltd
Registration Number
09438039Incorporation Date
13/02/2015Last Annual Return
Not availableAddress
Greenbank Court, Greenbank Technology Park, Blackburn, Lancashire. BB1 5QB
Website
Not availableAudit Fees
£34,000Secretary
Not available
Directors
Active
Mr Justin John Ford (52 yrs)
Active
Mr David John Metcalfe (58 yrs)
Active
Mr Andrew Christopher Price (50 yrs)
Active
Mr Michael David Geddes (55 yrs)
Active
Mr Alexander James Myers (42 yrs)
Active
Mr Nicholas SImpson (59 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | NA | 32661 | 44064 | 50955 | 60127 |
| Directors Fees | NA | 0 | 49 | 53 | 64 |
| Gross Profits | NA | 5930 | 7846 | 8840 | 10431 |
| Value Added | NA | 4587 | 6064 | 6432 | 9137 |
| Trading Profit | NA | 3311 | 4488 | 4488 | 7052 |
| Depreciation | NA | 105 | 126 | 108 | |
| Non-Trading Income | NA | 0 | 6 | 47 | 0 |
| Total Interest Charges | NA | 9 | 19 | 23 | 28 |
| Pre-tax Profit | NA | 3197 | 4349 | 4404 | 6894 |
| Retained Profit (Shareholders Funds) | -4 | 3585 | 2372 | 364 | 2642 |
| Fixed Assets | 0 | 407 | 452 | 360 | 432 |
| Intangibles | 0 | 419 | 670 | 877 | 1052 |
| Intermediate Assets | 1 | 0 | 38 | 38 | 46 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 43 | 1618 | 1868 | 2468 | 2912 |
| Cash or Equivalent | 252 | 5536 | 9058 | 9471 | 12792 |
| Total Current Assets | 295 | 7154 | 10926 | 11939 | 15704 |
| Creditors | 0 | 1383 | 2066 | 2659 | 3608 |
| Short Term Borrowing | 271 | 56 | 83 | 69 | 0 |
| Other Current Liabilities | 0 | 2665 | 3558 | 3805 | 4566 |
| Total Current Liabilities | 271 | 4104 | 5707 | 6533 | 8174 |
| Net Current Assets | 24 | 3050 | 5219 | 5406 | 7530 |
| Shareholders Funds | 24 | 3609 | 5981 | 6345 | 8987 |
| Total Loan Capital | 0 | 221 | 227 | 132 | 0 |
| Other Capital Employed | 0 | -89 | 28 | 61 | 73 |
| Total Capital Employed | 24 | 3741 | 6236 | 6538 | 9060 |
| Pretax Profit Margin % | NA | 9.79 | 9.87 | 8.64 | 11.47 |
| Sales Growth % | NA | NA | 35 | 16 | 18 |
| Pretax Profit Growth % | NA | NA | 36 | 1 | 56.54 |
| Debtor Ratio Days | NA | 18 | 15 | 18 | 17.6303012461976 |
| Creditor Ratio Days | NA | 15 | 17 | 19 | 21.8439289569228 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | NA | 883 | 1102 | 999 | 1099.02941176471 |
| Value Added £000/Empl. | NA | 124 | 152 | 126 | 167.01063476238 |
| Av. Remun. £000 / Empl. | NA | 34 | 39 | 38 | 38.1176470588235 |
| Total Empl. Remu. £000 | NA | 1276 | 1576 | 1944 | 2085.38181818182 |
| Employees | 5 | 37 | 40 | 51 | 54.7090909090909 |
| Pretax Profit/Total Assets % | NA | 40 | 36 | 33 | 40 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Sales per Employee is £999,000 which is well above the industry average of £433,000.
- Shareholders received £3.0m in dividends this year, over 68% of the pretax profits of the company.
- Formal debt of the company has decreased by £109,000, a fall of 35%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 19 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 Leaders in Efficiency.
- The company is among the Top 29 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 138 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £51.0m sales and made £4.4m, by following the proposal plan, sales would rise to £60.1m and profits would rise to £6.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £51.0m TO SALES
- ATTRACTIVE PRICE
- HIGH DIVIDEND
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 | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | NA | 32661 | 44064 | 50955 | 60127 |
| Pre-tax Profit (£000) | NA | 3197 | 4349 | 4404 | 6894 |
| Total Value (£000) | 18474 | 25083 | 25908 | 39372 | |
| Asset Value (£000) | 2444 | 3028 | 3743 | 4442 | |
| Goodwill (£000) | 16030 | 22055 | 22165 | 34930 | |
| Liabilities (£000) | 1300 | 3096 | 2745 | 4545 | |
| Equity Value (£000) | 19774 | 28179 | 28653 | 43917 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ALDERMORE GROUP PLC (48.0%)
MR NICHOLAS SIMPSON (8.7%)
MS NICOLA FORD (8.7%)
MS SIAN LISA GEDDES (8.7%)
Immediate Shareholder: See Shareholders
Subsidiaries
AFS COMPLIANCE LTD
AFS LEASE (UK) LTD
AFS VEHICLE LEASING LTD
ASSET FINANCE SOLUTIONS (UK) LTD
FINANCE EDUCATION CENTRE LTD
SYNERGY COMMERCIAL FINANCE LTD
Acquisition / Valuation Comments
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £25.9m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 40% return on total assets.
The company's value would increase by 52% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 13%.
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