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Icandy world ltd
Registration Number
00282792Incorporation Date
18/12/1933Last Annual Return
Not availableAddress
Montgomery Way, Biggleswade, Bedfordshire. SG18 8UB
Website
www.icandyworld.comAudit Fees
£24,000Secretary
Mr Bradley Appel
Directors
Active
Mr Bradley Appel (64 yrs)
Active
Ms Debra Stacey Appel (62 yrs)
Active
Mr Warren Appel (61 yrs)
Active
Ms Nicola Appel (58 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-20 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 28-Sep-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 14958 | 12195 | 13803 | 18358 | 21662 |
| Directors Fees | 386 | 478 | 471 | 483 | 580 |
| Gross Profits | 6946 | 6316 | 6657 | 8259 | 9746 |
| Value Added | 5406 | 4104 | 4267 | 5938 | 6660 |
| Trading Profit | 3042 | 2125 | 2218 | 3387 | 3923 |
| Depreciation | 620 | 533 | 337 | 431 | |
| Non-Trading Income | 5 | 1 | 1 | 38 | 0 |
| Total Interest Charges | 15 | 38 | 74 | 98 | 118 |
| Pre-tax Profit | 2412 | 1555 | 1808 | 2896 | 3288 |
| Retained Profit (Shareholders Funds) | 472 | 7 | -34 | 131 | 1738 |
| Fixed Assets | 2157 | 2313 | 2339 | 2516 | 3019 |
| Intangibles | 0 | 0 | 311 | 249 | 299 |
| Intermediate Assets | 121 | 121 | 121 | 121 | 145 |
| Stocks | 2959 | 2846 | 6356 | 4722 | 5572 |
| Debtors | 2076 | 1159 | 2023 | 3362 | 3967 |
| Cash or Equivalent | 6379 | 6031 | 2153 | 4102 | 1293 |
| Total Current Assets | 11414 | 10036 | 10532 | 12186 | 10832 |
| Creditors | 1971 | 1906 | 1839 | 1101 | 1494 |
| Short Term Borrowing | 1777 | 1580 | 2407 | 3350 | 0 |
| Other Current Liabilities | 1628 | 661 | 749 | 2104 | 2525 |
| Total Current Liabilities | 5376 | 4147 | 4995 | 6555 | 4019 |
| Net Current Assets | 6038 | 5889 | 5537 | 5631 | 6813 |
| Shareholders Funds | 8315 | 8322 | 8288 | 8419 | 10157 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 19 | 99 | 119 |
| Total Capital Employed | 8315 | 8322 | 8307 | 8518 | 10276 |
| Pretax Profit Margin % | 16.13 | 12.75 | 13.1 | 15.78 | 15.18 |
| Sales Growth % | 8 | -18 | 13 | 33 | 18 |
| Pretax Profit Growth % | 97 | -36 | 16 | 60 | 13.54 |
| Debtor Ratio Days | 51 | 35 | 53 | 67 | 66.6612920797473 |
| Creditor Ratio Days | 48 | 57 | 48 | 22 | 25.1050550168864 |
| Stock Turnover | 5 | 4 | 2 | 4 | 3.8877594239729 |
| Sales £000 / Employee | 282 | 259 | 294 | 353 | 388.342307692308 |
| Value Added £000/Empl. | 102 | 87 | 91 | 114 | 119.393741851369 |
| Av. Remun. £000 / Empl. | 45 | 42 | 44 | 49 | 49.0576923076923 |
| Total Empl. Remu. £000 | 2364 | 1979 | 2049 | 2551 | 2736.52727272727 |
| Employees | 53 | 47 | 47 | 52 | 55.7818181818181 |
| Pretax Profit/Total Assets % | 18 | 12 | 14 | 19 | 23 |
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 33.0% in the latest year, well above the industry average of -1.4%.
- Gross Profit Margin is 45.0% in the latest year, well above the industry average of 34.7%.
- Sales per Employee is £353,000 which is well above the industry average of £313,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 15.8% in the latest year, well above the industry average of 1.8%.
- Pretax Profit Margin has markedly improved from 13.1% to 15.8% in the latest year.
- Shareholders received £2.1m in dividends this year, over 73% of the pretax profits of the company.
- Formal debt of the company has increased by £943,000, a rise of 39%.
- The Trading Stability chart shows a well below 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 7 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 11 in terms of Value Added.
Company Summary
The company currently has £18.4m sales and made £2.9m, by following the proposal plan, sales would rise to £21.7m and profits would rise to £3.3m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £18.4m 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 | 30-Sep-20 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 28-Sep-24 |
| Total Sales (£000) | 14958 | 12195 | 13803 | 18358 | 21662 |
| Pre-tax Profit (£000) | 2412 | 1555 | 1808 | 2896 | 3288 |
| Total Value (£000) | 21353 | 16789 | 22910 | 28165 | 32932 |
| Asset Value (£000) | 7313 | 6439 | 11150 | 10970 | 13002 |
| Goodwill (£000) | 14040 | 10350 | 11760 | 17195 | 19930 |
| Liabilities (£000) | 1003 | 1884 | -2861 | -2552 | -2845 |
| Equity Value (£000) | 22356 | 18673 | 20049 | 25613 | 30087 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR BRADLEY MAURICE APPEL (40.4%)
MR WARREN ANTHONY APPEL (40.4%)
MS NICOLA APPEL (7.1%)
MS DEBBIE APPEL (7.1%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 92 years.
3 directors are over 60 years of age.
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 £28.2m 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 23% return on total assets.
The company's value would increase by 17% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 57%.
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