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Cecil macdonald & co ltd
Registration Number
00439454Incorporation Date
23/07/1947Last Annual Return
Not availableAddress
21-31 Kelvin Way, Crawley, West Sussex. RH10 9SP
Website
www.cecilmacdonaldcoltd.co.ukAudit Fees
£25,000Secretary
Ms Deborah Gould
Directors
Active
Mr Gordon Ian Sankey (65 yrs)
Active
Mr Stephen Robert Wescott (65 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) | 10898 | 15350 | 45895 | 65557 | 77357 |
| Directors Fees | 298 | 403 | 732 | 1078 | 1294 |
| Gross Profits | 1801 | 2576 | 5891 | 7464 | 8808 |
| Value Added | 1052 | 1668 | 3897 | 5271 | 6778 |
| Trading Profit | -358 | 549 | 1879 | 2605 | 3918 |
| Depreciation | 164 | 129 | 65 | 172 | |
| Non-Trading Income | 7 | 2 | 32 | 128 | 0 |
| Total Interest Charges | 2 | 2 | 2 | 2 | 2 |
| Pre-tax Profit | -517 | 420 | 1844 | 2559 | 3710 |
| Retained Profit (Shareholders Funds) | -454 | 360 | 1069 | 1160 | 1535 |
| Fixed Assets | 2113 | 2095 | 1641 | 1654 | 1985 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 1301 | 2012 | 4173 | 3597 | 4244 |
| Debtors | 1400 | 3021 | 3227 | 7803 | 9208 |
| Cash or Equivalent | 2621 | 3383 | 3920 | 3805 | 5172 |
| Total Current Assets | 5322 | 8416 | 11320 | 15205 | 18624 |
| Creditors | 525 | 2808 | 2851 | 4592 | 6231 |
| Short Term Borrowing | 29 | 59 | 150 | 233 | 0 |
| Other Current Liabilities | 1290 | 1725 | 3028 | 3808 | 4570 |
| Total Current Liabilities | 1844 | 4592 | 6029 | 8633 | 10801 |
| Net Current Assets | 3478 | 3824 | 5291 | 6572 | 7823 |
| Shareholders Funds | 5404 | 5764 | 6833 | 7993 | 9528 |
| Total Loan Capital | 52 | 34 | 15 | 0 | 0 |
| Other Capital Employed | 134 | 122 | 83 | 233 | 280 |
| Total Capital Employed | 5590 | 5920 | 6931 | 8226 | 9808 |
| Pretax Profit Margin % | -4.74 | 2.74 | 4.02 | 3.9 | 4.8 |
| Sales Growth % | -74 | 41 | 199 | 43 | 18 |
| Pretax Profit Growth % | -179 | 181 | 339 | 39 | 44.98 |
| Debtor Ratio Days | 47 | 72 | 26 | 43 | 43.325533505194 |
| Creditor Ratio Days | 18 | 67 | 23 | 25 | 29.3212197019388 |
| Stock Turnover | 8 | 8 | 11 | 18 | 18.2254656658326 |
| Sales £000 / Employee | 206 | 480 | 1275 | 1681 | 1849.04358974359 |
| Value Added £000/Empl. | 20 | 52 | 108 | 135 | 162.012168622338 |
| Av. Remun. £000 / Empl. | 27 | 35 | 56 | 68 | 68.3589743589744 |
| Total Empl. Remu. £000 | 1410 | 1119 | 2018 | 2666 | 2859.89090909091 |
| Employees | 53 | 32 | 36 | 39 | 41.8363636363636 |
| Pretax Profit/Total Assets % | -7 | 4 | 14 | 15 | 18 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 42.8% in the latest year, well above the industry average of 5.8%.
- Sales per Employee is £1.7m which is well above the industry average of £224,000.
- The average salary is £68,000 which is well above the industry average of £37,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Formal debt of the company has increased by £68,000, a rise of 41%.
- The Trading Stability chart shows a well above 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 3 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 8 Leaders in Efficiency.
- The company is among the Top 2 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- 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 5 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £65.6m sales and made £2.6m, by following the proposal plan, sales would rise to £77.4m and profits would rise to £3.7m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £65.6m TO SALES
- ATTRACTIVE RATING
- ATTRACTIVE PRICE
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) | 10898 | 15350 | 45895 | 65557 | 77357 |
| Pre-tax Profit (£000) | -517 | 420 | 1844 | 2559 | 3710 |
| Total Value (£000) | 3694 | 11243 | 21771 | 30609 | 40467 |
| Asset Value (£000) | 4814 | 7128 | 9041 | 13054 | 15437 |
| Goodwill (£000) | -1120 | 4115 | 12730 | 17555 | 25030 |
| Liabilities (£000) | 591 | -1365 | -2207 | -5061 | -5909 |
| Equity Value (£000) | 4285 | 9878 | 19564 | 25548 | 34558 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR GORDON IAN SANKEY (67.1%)
MR STEPHEN R WESCOTT (32.9%)
Immediate Shareholder: See Shareholders
Subsidiaries
AMBASSADORS CHOICE LTD
CMD HOTELS & CATERING LTD
D.F. WAREHOUSES LTD
GLENEAGLES COURT (CRAWLEY) MANAGEMENT LTD
Acquisition / Valuation Comments
This company has been established 78 years.
The number of shareholders is low (2)
2 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 £30.6m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 18% return on total assets.
The company's value would increase by 32% if the proposed business plan was followed.
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