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Instarmac group plc
Registration Number
01324925Incorporation Date
10/08/1977Last Annual Return
Not availableAddress
Unit W3A, Danny Morson Way, Tamworth, Staffordshire. B78 1SE
Website
www.instarmac.co.ukAudit Fees
£51,000Secretary
Ms Donna Heath
Directors
Active
Mr Richard Anderson
Active
Ms Donna Heath (55 yrs)
Active
Mr Jason Reid (42 yrs)
Active
Ms Elizabeth Elston (33 yrs)
Active
Mr John Holcroft (58 yrs)
Active
Mr Mark Andrew Shorrock (60 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 66569 | 76900 | 91625 | 97399 | 104151 |
| Directors Fees | 2590 | 8012 | 2693 | 3054 | 3359 |
| Gross Profits | 30266 | 30326 | 37435 | 41128 | 43979 |
| Value Added | 28953 | 23344 | 35771 | 38154 | 49726 |
| Trading Profit | 17734 | 11595 | 22295 | 24101 | 36065 |
| Depreciation | 1607 | 1815 | 1878 | 2704 | |
| Non-Trading Income | 38 | 102 | 414 | 943 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 16165 | 9882 | 20831 | 22340 | 33091 |
| Retained Profit (Shareholders Funds) | -18433 | -3804 | 7409 | 10491 | 13404 |
| Fixed Assets | 4557 | 6993 | 11767 | 14113 | 15524 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 2500 | 2500 | 2500 | 2500 | 2750 |
| Stocks | 2884 | 3991 | 4060 | 3295 | 3523 |
| Debtors | 12736 | 13498 | 16749 | 17698 | 18925 |
| Cash or Equivalent | 25142 | 22523 | 23015 | 27420 | 39988 |
| Total Current Assets | 40762 | 40012 | 43824 | 48413 | 62436 |
| Creditors | 6511 | 7982 | 10498 | 4384 | 5391 |
| Short Term Borrowing | 40 | 40 | 40 | 40 | 0 |
| Other Current Liabilities | 7741 | 11064 | 8624 | 10620 | 11682 |
| Total Current Liabilities | 14292 | 19086 | 19162 | 15044 | 17073 |
| Net Current Assets | 26470 | 20926 | 24662 | 33369 | 45363 |
| Shareholders Funds | 33363 | 29559 | 36968 | 47459 | 60863 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 165 | 860 | 1961 | 2522 | 2774 |
| Total Capital Employed | 33528 | 30419 | 38929 | 49981 | 63637 |
| Pretax Profit Margin % | 24.28 | 12.85 | 22.74 | 22.94 | 31.77 |
| Sales Growth % | 26 | 16 | 19 | 6 | 7 |
| Pretax Profit Growth % | 21 | -39 | 111 | 7 | 48.12 |
| Debtor Ratio Days | 70 | 64 | 67 | 66 | 66.1410486760644 |
| Creditor Ratio Days | 36 | 38 | 42 | 16 | 18.8414911857411 |
| Stock Turnover | 23 | 19 | 23 | 30 | 29.5596358118361 |
| Sales £000 / Employee | 366 | 409 | 472 | 462 | 507.767298578199 |
| Value Added £000/Empl. | 159 | 124 | 184 | 181 | 242.429946279161 |
| Av. Remun. £000 / Empl. | 62 | 62 | 69 | 67 | 66.6018957345972 |
| Total Empl. Remu. £000 | 11219 | 11749 | 13476 | 14053 | 13661.0427801067 |
| Employees | 182 | 188 | 194 | 211 | 205.114923973707 |
| Pretax Profit/Total Assets % | 34 | 20 | 36 | 34 | 41 |
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 6.3% in the latest year, well above the industry average of -3.7%.
- The company lies an excellent 7th in terms of Pretax Profits in this industry. Up 4 places from last year.
- Gross Profit Margin is 42.2% in the latest year, well above the industry average of 27.8%.
- Sales per Employee is £462,000 which is well above the industry average of £267,000.
- The average salary is £67,000 which is well above the industry average of £38,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 22.9% in the latest year, well above the industry average of 3.3%.
- Shareholders received £9.0m in dividends this year, over 40% of the pretax profits of the company.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 8 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 23 in terms of Value Added.
- The company is among the Top 50 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £97.4m sales and made £22.3m, by following the proposal plan, sales would rise to £104m and profits would rise to £33.1m.
Key Attractiveness Features
- ADD £97.4m TO SALES
- ATTRACTIVE PRICE
- 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 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Total Sales (£000) | 66569 | 76900 | 91625 | 97399 | 104151 |
| Pre-tax Profit (£000) | 16165 | 9882 | 20831 | 22340 | 33091 |
| Total Value (£000) | 116262 | 115942 | 150626 | 159861 | 222972 |
| Asset Value (£000) | 22677 | 26982 | 35076 | 37606 | 40722 |
| Goodwill (£000) | 93585 | 88960 | 115550 | 122255 | 182250 |
| Liabilities (£000) | 10685 | 2577 | 1892 | 9854 | 20141 |
| Equity Value (£000) | 126947 | 118519 | 152518 | 169715 | 243113 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
INSTARMAC HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
WARMUP PLC
BILLIAN UK LTD
KINGSBURY LINK MANAGEMENT LTD
Acquisition / Valuation Comments
This company has been established 48 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 £159.9m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 41% return on total assets.
The company's value would increase by 39% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 17%.
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