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Badgequo ltd
Registration Number
01868341Incorporation Date
04/12/1984Last Annual Return
Not availableAddress
Units B&C Orbital Forty Six, The Ridgeway Trading Estate, Iver, Buckinghamshire. SL0 9HW
Website
www.badgequo.comAudit Fees
£61,000Secretary
Not available
Directors
Active
Mr Samuel Bazini (62 yrs)
Active
Mr Eoin MacLeod (63 yrs)
Active
Mr Matthew David Goldstein (53 yrs)
Active
Mr Neil Rodol (63 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) | 21033 | 25040 | 29334 | 33004 | 37959 |
| Directors Fees | 150 | 189 | 249 | 282 | 338 |
| Gross Profits | 6104 | 8852 | 11437 | 13274 | 15267 |
| Value Added | 4537 | 6758 | 8260 | 10827 | 11703 |
| Trading Profit | 2480 | 4119 | 5104 | 7363 | 8081 |
| Depreciation | 424 | 404 | 270 | 139 | |
| Non-Trading Income | 0 | 0 | 0 | 30 | 0 |
| Total Interest Charges | 108 | 97 | 90 | 94 | 113 |
| Pre-tax Profit | 1948 | 3618 | 4744 | 7160 | 7801 |
| Retained Profit (Shareholders Funds) | 526 | 899 | 1639 | 2456 | 4296 |
| Fixed Assets | 624 | 370 | 292 | 284 | 341 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 4877 | 6524 | 8520 | 10709 | 12317 |
| Debtors | 3328 | 3596 | 3070 | 5102 | 5868 |
| Cash or Equivalent | 7359 | 6422 | 7929 | 7180 | 2557 |
| Total Current Assets | 15564 | 16542 | 19519 | 22991 | 20742 |
| Creditors | 1021 | 755 | 882 | 1365 | 1805 |
| Short Term Borrowing | 5149 | 4907 | 6100 | 7071 | 0 |
| Other Current Liabilities | 888 | 1221 | 1160 | 715 | 858 |
| Total Current Liabilities | 7058 | 6883 | 8142 | 9151 | 2663 |
| Net Current Assets | 8506 | 9659 | 11377 | 13840 | 18079 |
| Shareholders Funds | 9130 | 10029 | 11668 | 14124 | 18420 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 9130 | 10029 | 11668 | 14124 | 18420 |
| Pretax Profit Margin % | 9.26 | 14.45 | 16.17 | 21.69 | 20.55 |
| Sales Growth % | 23 | 19 | 17 | 13 | 15 |
| Pretax Profit Growth % | 60 | 86 | 31 | 51 | 8.95 |
| Debtor Ratio Days | 58 | 52 | 38 | 56 | 56.2697854805478 |
| Creditor Ratio Days | 18 | 11 | 11 | 15 | 17.312719670343 |
| Stock Turnover | 4 | 4 | 3 | 3 | 3.0818937342422 |
| Sales £000 / Employee | 397 | 472 | 515 | 532 | 585.554838709677 |
| Value Added £000/Empl. | 86 | 128 | 145 | 175 | 180.530321031707 |
| Av. Remun. £000 / Empl. | 39 | 50 | 55 | 56 | 55.8709677419355 |
| Total Empl. Remu. £000 | 2057 | 2639 | 3156 | 3464 | 3621.87322188959 |
| Employees | 53 | 53 | 57 | 62 | 64.8256754495249 |
| Pretax Profit/Total Assets % | 12 | 21 | 24 | 31 | 37 |
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 12.5% in the latest year, well above the industry average of 3.8%.
- Sales per Employee is £532,000 which is well above the industry average of £288,000.
- The average salary is £56,000 which is well above the industry average of £45,000.
- The company has consistently suffered a fall in sales growth (%) over the last 4 years along with 20 other companies.
- Exports contribute 57% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years.Only 20 other companies achieved this.
- Pretax Profit Margin is 21.7% in the latest year, well above the industry average of 3.7%.
- Pretax Profit Margin has markedly improved from 16.2% to 21.7% in the latest year.
- Shareholders received £3.0m in dividends this year, over 42% of the pretax profits of the company.
- The formal debt of the company is high, representing 21% of Total Sales.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 27 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 in terms of Trading Profits.
Company Summary
The company currently has £33.0m sales and made £7.2m, by following the proposal plan, sales would rise to £38.0m and profits would rise to £7.8m.
Key Attractiveness Features
- ADD £33.0m TO SALES
- ATTRACTIVE RATING
- FEW DIRECTORS
- HIGH DIVIDEND
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) | 21033 | 25040 | 29334 | 33004 | 37959 |
| Pre-tax Profit (£000) | 1948 | 3618 | 4744 | 7160 | 7801 |
| Total Value (£000) | 19859 | 30010 | 37297 | 53625 | 59786 |
| Asset Value (£000) | 8829 | 10490 | 11882 | 16095 | 18526 |
| Goodwill (£000) | 11030 | 19520 | 25415 | 37530 | 41260 |
| Liabilities (£000) | 301 | -461 | -213 | -1971 | -106 |
| Equity Value (£000) | 20160 | 29549 | 37084 | 51654 | 59680 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
RETRA HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 41 years.
The number of shareholders is low (1)
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 £53.6m 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 37% return on total assets.
The company's value would increase by 11% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 175%.
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