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John mcgavigan ltd

Glasgow, Lanarkshire. Registration No: SC144766

  • Registration Number

    SC144766

  • Incorporation Date

    04/06/1993

  • Last Annual Return

    Not available

  • Address

    4 Redwood Crescent, East Kilbride, Glasgow, Lanarkshire. G74 5PA

  • Website

    www.advanceddecorative.com

  • Audit Fees

    £24,000

  • Secretary

    Not available

Directors

Active

Mr Mark Anthony Beckram (55 yrs)

Active

Mr Geoffrey Thomas Martin (71 yrs)

Active

Mr Derek Robert Cumming (61 yrs)

Active

Mr Michael Andrew Sanderson (63 yrs)

Company

Industry Av.

Proposed

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) 5182 6935 9389 11761 13878
Directors Fees 239 298 22 0 0
Gross Profits -2182 -1365 -495 444 524
Value Added 3084 3838 3233 4590 7896
Trading Profit -867 -703 -1001 450 3455
Depreciation 356 394 457 460
Non-Trading Income 4150 3104 2734 2130 0
Total Interest Charges 6 14 0 0 0
Pre-tax Profit 2921 1993 1276 2120 2903
Retained Profit (Shareholders Funds) 2586 1665 -1467 2485 1272
Fixed Assets 2213 2372 2191 2126 2551
Intangibles 0 0 0 0 0
Intermediate Assets 6997 8267 9600 11730 14076
Stocks 818 1016 964 1413 1667
Debtors 837 1178 2931 3222 3802
Cash or Equivalent 4520 4772 1209 942 235.5
Total Current Assets 6175 6966 5104 5577 5705
Creditors 828 648 1465 1241 1684
Short Term Borrowing 615 1018 1157 1525 2593.5
Other Current Liabilities 210 495 328 237 284
Total Current Liabilities 1653 2161 2950 3003 4562
Net Current Assets 4522 4805 2154 2574 1143
Shareholders Funds 13406 15071 13604 16089 17361
Total Loan Capital 59 32 0 0 0
Other Capital Employed 267 341 341 341 409
Total Capital Employed 13732 15444 13945 16430 17770
Pretax Profit Margin % 56.37 28.74 13.59 18.03 20.92
Sales Growth % -48 34 35 25 18
Pretax Profit Growth % -57 -32 -36 66 36.93
Debtor Ratio Days 59 62 114 100 99.7200918289261
Creditor Ratio Days 58 34 57 38 44.1699345293768
Stock Turnover 6 7 10 8 8.3234253361642
Sales £000 / Employee 37 53 80 105 115.509821428572
Value Added £000/Empl. 22 30 27 41 65.7203389830511
Av. Remun. £000 / Empl. 28 35 36 37 36.9642857142857
Total Empl. Remu. £000 3951 4541 4234 4140 4441.09090909089
Employees 139 130 118 112 120.145454545454
Pretax Profit/Total Assets % 19 11 8 11 13

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 25.3% in the latest year, well above the industry average of 15.9%.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Exports contribute 91% towards the Total Sales of the company.
  • Pretax Profit Margin is 18.0% in the latest year, well above the industry average of -1.3%.
  • Pretax Profit Margin has markedly improved from 13.6% to 18.0% in the latest year.
  • Non Trading Income of £2.1m makes a large contribution to pretax profits of £2.1m. Without this the company would make a loss.
  • Formal debt of the company has increased by £368,000, a rise of 32%.
  • The Trading Stability chart shows a well below average sales 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 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
  • The company is among the Top 4 in terms of Pretax Profit Return on Owners Funds.
  • The company is among the Top 15 companies listed under the Pretax Profits category (see section 3.2c).

Company

Industry Av.

Proposed

The data extends above the graph limits

Company Summary

The company currently has £11.8m sales and made £2.1m, by following the proposal plan, sales would rise to £13.9m and profits would rise to £2.9m.

Key Attractiveness Features

  • ADD £11.8m TO SALES
  • ATTRACTIVE PRICE
  • FEW DIRECTORS
  • HIGH AVERAGE AGE

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-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Total Sales (£000) 5182 6935 9389 11761 13878
Pre-tax Profit (£000) 2921 1993 1276 2120 2903
Total Value (£000) 5945 8838 8506 18441 36611
Asset Value (£000) 10865 12833 15686 18491 22096
Goodwill (£000) -4920 -3995 -7180 -50 14515
Liabilities (£000) 2541 2238 -2082 -2402 -4736
Equity Value (£000) 8486 11076 6424 16039 31875

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

Shareholders / Ownership

LEMAC NO.1 LTD

Immediate Shareholder: See Shareholders

Subsidiaries

None

Acquisition / Valuation Comments

This company has been established 32 years.

The number of shareholders is low (1)

1 director is over 70 years of age.

The total value of the company is currently £18.4m including debts.

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

The proposed year is based on achieving a 13% return on total assets.

The company's value would increase by 99% if the proposed business plan was followed.

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