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Highfield awarding body for compliance ltd
Registration Number
06478925Incorporation Date
21/01/2008Last Annual Return
Not availableAddress
Highfield Icon First Point, Balby Carr Bank, Doncaster, South Yorkshire. DN4 5JQ
Website
www.highfieldabc.comAudit Fees
£6,000Secretary
Mr Jason Sprenger
Directors
Active
Mr Christian Marc Sprenger (48 yrs)
Active
Mr Richard Sprenger (75 yrs)
Active
Mr Jason Sprenger (52 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Jul-21 | 31-Jul-22 | 31-Jul-23 | 31-Jul-24 | 30-Jul-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 13352 | 16198 | 18429 | 19872 | 21739 |
| Directors Fees | 4154 | 4554 | 3924 | 3484 | 4181 |
| Gross Profits | 11864 | 14353 | 15763 | 17096 | 18702 |
| Value Added | 10447 | 12746 | 13194 | 13884 | 13821 |
| Trading Profit | 901 | 1610 | 1253 | 1493 | 1498 |
| Depreciation | 199 | 178 | 137 | 230 | |
| Non-Trading Income | 0 | -37 | 67 | 119 | 0 |
| Total Interest Charges | 35 | 0 | 0 | 3 | 4 |
| Pre-tax Profit | 667 | 1395 | 1183 | 1379 | 1218 |
| Retained Profit (Shareholders Funds) | 560 | 1122 | 967 | 1032 | 827 |
| Fixed Assets | 352 | 1305 | 1485 | 748 | 898 |
| Intangibles | 28 | 96 | 119 | 177 | 212 |
| Intermediate Assets | 0 | 959 | 998 | 982 | 1178 |
| Stocks | 76 | 59 | 67 | 62 | 68 |
| Debtors | 1651 | 2085 | 2263 | 2361 | 2583 |
| Cash or Equivalent | 9547 | 5544 | 5842 | 8204 | 4429 |
| Total Current Assets | 11274 | 7688 | 8172 | 10627 | 7080 |
| Creditors | 313 | 417 | 520 | 549 | 691 |
| Short Term Borrowing | 4747 | 1889 | 918 | 920 | 0 |
| Other Current Liabilities | 2294 | 2257 | 2500 | 1204 | 1445 |
| Total Current Liabilities | 7354 | 4563 | 3938 | 2673 | 2136 |
| Net Current Assets | 3920 | 3125 | 4234 | 7954 | 4944 |
| Shareholders Funds | 3092 | 4214 | 5181 | 6213 | 7040 |
| Total Loan Capital | 1150 | 1150 | 1550 | 3487 | 0 |
| Other Capital Employed | 58 | 121 | 105 | 160 | 192 |
| Total Capital Employed | 4300 | 5485 | 6836 | 9860 | 7232 |
| Pretax Profit Margin % | 5 | 8.61 | 6.42 | 6.94 | 5.6 |
| Sales Growth % | 16 | 21 | 14 | 8 | 9 |
| Pretax Profit Growth % | 92 | 109 | -15 | 17 | -11.68 |
| Debtor Ratio Days | 45 | 47 | 45 | 43 | 43.2469806763285 |
| Creditor Ratio Days | 9 | 9 | 10 | 10 | 11.5645833333334 |
| Stock Turnover | 176 | 275 | 275 | 321 | 320.516129032258 |
| Sales £000 / Employee | 84 | 75 | 88 | 88 | 97.152 |
| Value Added £000/Empl. | 66 | 59 | 63 | 62 | 61.7657829628086 |
| Av. Remun. £000 / Empl. | 60 | 52 | 57 | 55 | 55.0711111111111 |
| Total Empl. Remu. £000 | 9546 | 11136 | 11941 | 12391 | 12322.9689668951 |
| Employees | 159 | 216 | 210 | 225 | 223.764669320587 |
| Pretax Profit/Total Assets % | 6 | 14 | 11 | 11 | 13 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 7.8% in the latest year, well above the industry average of 7.1%.
- Gross Profit Margin is 86.0% in the latest year, well above the industry average of 71.1%.
- The average salary is £55,000 which is well above the industry average of £47,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 11% towards the Total Sales of the company.
- Pretax Profit Margin is 6.9% in the latest year, well above the industry average of 4.1%.
- The formal debt of the company is high, representing 22% of Total Sales.
- Formal debt of the company has increased by £1.9m, a rise of 79%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 13 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 18 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £19.9m sales and made £1.4m, by following the proposal plan, sales would rise to £21.7m and profits would fall to £1.2m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £19.9m 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-Jul-21 | 31-Jul-22 | 31-Jul-23 | 31-Jul-24 | 30-Jul-25 |
| Total Sales (£000) | 13352 | 16198 | 18429 | 19872 | 21739 |
| Pre-tax Profit (£000) | 667 | 1395 | 1183 | 1379 | 1218 |
| Total Value (£000) | 26387 | 34434 | 30132 | 28065 | 31954 |
| Asset Value (£000) | 2107 | 4504 | 4932 | 4330 | 4939 |
| Goodwill (£000) | 24280 | 29930 | 25200 | 23735 | 27015 |
| Liabilities (£000) | 985 | -290 | 249 | 1884 | 2101 |
| Equity Value (£000) | 27372 | 34144 | 30381 | 29949 | 34055 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR CHRISTIAN MARC SPRENGER (51.0%)
MR JASON ANTONY LEE SPRENGER (49.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 17 years.
The number of shareholders is low (2)
1 director is over 70 years of age.
The value of the company has fallen 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 £28.1m 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 13% return on total assets.
The company's value would increase by 14% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 27%.
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