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G.r.wright & sons ltd
Registration Number
00129755Incorporation Date
25/06/1913Last Annual Return
Not availableAddress
Harlow Mill The Pinnacles, Roydon Road, Harlow, Essex. CM19 5GH
Website
www.wrightsflour.co.ukAudit Fees
£27,000Secretary
Ms Lorraine Joanne Kaye
Directors
Active
Ms Lorraine Joanne Kaye (60 yrs)
Active
Mr Julian Alastair Woodgate (55 yrs)
Active
Mr James Wright (35 yrs)
Active
Mr Mark Patrick Robinson (59 yrs)
Active
Mr David Andrew Wright (62 yrs)
| 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) | 52790 | 62662 | 77471 | 88069 | 90479 |
| Directors Fees | 642 | 624 | 623 | 604 | 604 |
| Gross Profits | 13754 | 12929 | 11954 | 16539 | 16992 |
| Value Added | 13819 | 13521 | 12465 | 15116 | 16288 |
| Trading Profit | 8801 | 8240 | 6642 | 9163 | 10728 |
| Depreciation | 857 | 1908 | 2061 | 82 | |
| Non-Trading Income | 9 | 3 | 45 | 297 | 0 |
| Total Interest Charges | 375 | 354 | 509 | 789 | 710 |
| Pre-tax Profit | 7578 | 5981 | 4117 | 8589 | 9944 |
| Retained Profit (Shareholders Funds) | 5834 | 5080 | 3386 | 6163 | 5153 |
| Fixed Assets | 55098 | 58216 | 57411 | 56803 | 53963 |
| Intangibles | 51 | 38 | 25 | 12 | 11 |
| Intermediate Assets | 0 | 0 | 12 | 56 | 53 |
| Stocks | 4588 | 6024 | 8192 | 6177 | 5288 |
| Debtors | 6328 | 8817 | 11908 | 11074 | 9670 |
| Cash or Equivalent | 6622 | 8029 | 5526 | 13510 | 13883 |
| Total Current Assets | 17538 | 22870 | 25626 | 30761 | 28841 |
| Creditors | 4153 | 5114 | 5730 | 5124 | 6054 |
| Short Term Borrowing | 1350 | 1829 | 1887 | 2010 | 0 |
| Other Current Liabilities | 1096 | 2185 | 1452 | 2744 | 2744 |
| Total Current Liabilities | 6599 | 9128 | 9069 | 9878 | 8798 |
| Net Current Assets | 10939 | 13742 | 16557 | 20883 | 20043 |
| Shareholders Funds | 50714 | 55794 | 59180 | 65343 | 70496 |
| Total Loan Capital | 12650 | 13418 | 11807 | 8836 | 0 |
| Other Capital Employed | 2724 | 2784 | 3017 | 3574 | 3574 |
| Total Capital Employed | 66088 | 71996 | 74004 | 77753 | 74070 |
| Pretax Profit Margin % | 14.35 | 9.54 | 5.31 | 9.75 | 10.99 |
| Sales Growth % | 12 | 19 | 24 | 14 | 3 |
| Pretax Profit Growth % | 10 | -21 | -31 | 109 | 16.00 |
| Debtor Ratio Days | 44 | 51 | 56 | 46 | 38.9046724727203 |
| Creditor Ratio Days | 29 | 30 | 27 | 21 | 24.3548399550353 |
| Stock Turnover | 12 | 10 | 9 | 14 | 17.1090820786789 |
| Sales £000 / Employee | 467 | 514 | 582 | 657 | 722.95447761194 |
| Value Added £000/Empl. | 122 | 111 | 94 | 113 | 130.146661060364 |
| Av. Remun. £000 / Empl. | 44 | 43 | 44 | 44 | 44.4253731343284 |
| Total Empl. Remu. £000 | 5018 | 5281 | 5823 | 5953 | 5559.88506901704 |
| Employees | 113 | 122 | 133 | 134 | 125.151116957548 |
| Pretax Profit/Total Assets % | 10 | 7 | 5 | 10 | 12 |
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 13.7% in the latest year, well above the industry average of 12.2%.
- Gross Profit Margin has markedly improved from 15.4% to 18.8% in the latest year.
- Sales per Employee is £657,000 which is well above the industry average of £136,000.
- The average salary is £44,000 which is well above the industry average of £34,000.
- Pretax Profit Margin is 9.8% in the latest year, well above the industry average of 4.5%.
- Pretax Profit Margin has markedly improved from 5.3% to 9.8% in the latest year.
- Formal debt of the company has decreased by £2.8m, a fall of 21%.
- 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 49 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 38 Cash Rich companies.
- The company is among the Top 329 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £88.1m sales and made £8.6m, by following the proposal plan, sales would be level but profits would rise to £9.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £88.1m TO SALES
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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 52790 | 62662 | 77471 | 88069 | 90479 |
| Pre-tax Profit (£000) | 7578 | 5981 | 4117 | 8589 | 9944 |
| Total Value (£000) | 108995 | 107875 | 103568 | 122547 | 125275 |
| Asset Value (£000) | 66065 | 73095 | 77548 | 74122 | 68985 |
| Goodwill (£000) | 42930 | 34780 | 26020 | 48425 | 56290 |
| Liabilities (£000) | -15351 | -17301 | -18367 | -8778 | 1511 |
| Equity Value (£000) | 93644 | 90574 | 85201 | 113769 | 126786 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
THE DAVID WRIGHT FAMILY SETTLEMENT TRUST (70.0%)
D. WRIGHT (15.0%)
MR GEORGE WILLIAM WRIGHT (5.0%)
MR JAMES ARTHUR WRIGHT (5.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
WRIGHT'S MILLING LTD
Acquisition / Valuation Comments
This company has been established 112 years.
1 director is over 60 years of age.
1 director is under 40 years of age.
The total value of the company is currently £122.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 12% return on total assets.
The proposed plan would improve the overall financial strength of the company by 82%.
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