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Acorn industrial services ltd
Registration Number
01733820Incorporation Date
23/06/1983Last Annual Return
Not availableAddress
Unit A Denby Way, Hellaby, Rotherham, South Yorkshire. S66 8HR
Website
www.acorn-ind.co.ukAudit Fees
£29,000Secretary
Mr Martin Povey
Directors
Active
Bo Per-Olof Helgesson (53 yrs)
Active
Mr Paul Desmond Spillings (55 yrs)
Active
Mr Joakim Stattin (39 yrs)
Active
Mr Martin Povey (53 yrs)
Active
Mr Gavin Peter Stacey (47 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 27868 | 28795 | 32753 | 35411 | 38859 |
| Directors Fees | 184 | 215 | 439 | 421 | 505 |
| Gross Profits | 8884 | 9662 | 10967 | 11925 | 13086 |
| Value Added | 5812 | 7042 | 7534 | 8150 | 9015 |
| Trading Profit | 1980 | 2682 | 2867 | 2831 | 3709 |
| Depreciation | 113 | 121 | 140 | 160 | |
| Non-Trading Income | 2 | 1 | 0 | 0 | 0 |
| Total Interest Charges | 21 | 36 | 46 | 48 | 58 |
| Pre-tax Profit | 1848 | 2526 | 2681 | 2623 | 3459 |
| Retained Profit (Shareholders Funds) | 1475 | -1955 | 2040 | 921 | 1574 |
| Fixed Assets | 729 | 771 | 835 | 974 | 1169 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 4881 | 6298 | 6107 | 6711 | 7365 |
| Debtors | 4971 | 5332 | 6027 | 6194 | 6797 |
| Cash or Equivalent | 11598 | 7100 | 9562 | 9985 | 11280 |
| Total Current Assets | 21450 | 18730 | 21696 | 22890 | 25442 |
| Creditors | 3678 | 2355 | 2323 | 3783 | 4774 |
| Short Term Borrowing | 0 | 0 | 31 | 38 | 0 |
| Other Current Liabilities | 565 | 1164 | 2146 | 969 | 1163 |
| Total Current Liabilities | 4243 | 3519 | 4500 | 4790 | 5937 |
| Net Current Assets | 17207 | 15211 | 17196 | 18100 | 19505 |
| Shareholders Funds | 17936 | 15981 | 18021 | 18942 | 20516 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 10 | 132 | 158 |
| Total Capital Employed | 17936 | 15981 | 18031 | 19074 | 20674 |
| Pretax Profit Margin % | 6.63 | 8.77 | 8.19 | 7.41 | 8.9 |
| Sales Growth % | 6 | 3 | 14 | 8 | 10 |
| Pretax Profit Growth % | -5 | 37 | 6 | -2 | 31.87 |
| Debtor Ratio Days | 65 | 67 | 67 | 64 | 63.6699330716444 |
| Creditor Ratio Days | 48 | 30 | 26 | 39 | 44.7195447742227 |
| Stock Turnover | 6 | 5 | 5 | 5 | 5.2765608702131 |
| Sales £000 / Employee | 249 | 250 | 271 | 268 | 295.091666666667 |
| Value Added £000/Empl. | 52 | 61 | 62 | 62 | 68.458295309744 |
| Av. Remun. £000 / Empl. | 34 | 38 | 39 | 40 | 40.2954545454545 |
| Total Empl. Remu. £000 | 3832 | 4360 | 4667 | 5319 | 5306.34777105773 |
| Employees | 112 | 115 | 121 | 132 | 131.686013494947 |
| Pretax Profit/Total Assets % | 8 | 13 | 12 | 11 | 13 |
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.
- Total Sales have increased by 8.1% in the latest year, well above the industry average of 4.9%.
- Gross Profit Margin is 33.7% in the latest year, well above the industry average of 30.4%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 23% towards the Total Sales of the company.
- Pretax Profit Margin is 7.4% in the latest year, well above the industry average of 6.3%.
- Formal debt of the company has increased by £7,000, a rise of 23%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 6 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 15 Leaders in Efficiency.
- 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 100 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £35.4m sales and made £2.6m, by following the proposal plan, sales would rise to £38.9m and profits would rise to £3.5m.
Key Attractiveness Features
- ADD £35.4m 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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 27868 | 28795 | 32753 | 35411 | 38859 |
| Pre-tax Profit (£000) | 1848 | 2526 | 2681 | 2623 | 3459 |
| Total Value (£000) | 20836 | 26281 | 28799 | 29339 | 35441 |
| Asset Value (£000) | 10581 | 12401 | 12969 | 13879 | 15331 |
| Goodwill (£000) | 10255 | 13880 | 15830 | 15460 | 20110 |
| Liabilities (£000) | 7355 | 3581 | 5052 | 5063 | 5185 |
| Equity Value (£000) | 28191 | 29862 | 33851 | 34402 | 40626 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ACORN INDUSTRIAL SERVICES GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
ACORN INDUSTRIAL LTD
R W BEARINGS LTD
TOWN & COUNTY ENGINEERING SERVICES LTD
Acquisition / Valuation Comments
This company has been established 42 years.
The number of shareholders is low (1)
1 director is under 40 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 £29.3m 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 21% if the proposed business plan was followed.
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