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Deta electrical company ltd
Registration Number
00612799Incorporation Date
10/10/1958Last Annual Return
Not availableAddress
Votec House Hambridge Lane, Newbury, Berkshire. RG14 5TN
Website
www.stearn.co.ukAudit Fees
£18,000Secretary
Mr Leo Yiu Sing Yu
Directors
Active
Mr Nigel John Palmer (69 yrs)
Active
Mr Leo Yiu Sing Yu (40 yrs)
Active
Mr Steven Westbrook (69 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) | 47966 | 57537 | 61431 | 66532 | 73161 |
| Directors Fees | 487 | 485 | 524 | 452 | 542 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 13574 | 18391 | 15976 | 19214 | 22997 |
| Trading Profit | 5828 | 9306 | 7560 | 8655 | 12441 |
| Depreciation | 373 | 418 | 409 | 491 | |
| Non-Trading Income | 78 | 3 | 98 | 559 | 0 |
| Total Interest Charges | 14 | 10 | 7 | 36 | 43 |
| Pre-tax Profit | 5519 | 8881 | 7242 | 8687 | 11809 |
| Retained Profit (Shareholders Funds) | 237 | 7272 | 6059 | -1393 | 5212 |
| Fixed Assets | 2868 | 2580 | 2250 | 2532 | 3038 |
| Intangibles | 0 | 0 | 0 | 1194 | 1433 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 6566 | 15777 | 17064 | 18161 | 19971 |
| Debtors | 16966 | 18825 | 20962 | 9438 | 10378 |
| Cash or Equivalent | 31469 | 42782 | 44088 | 44133 | 49528 |
| Total Current Assets | 55001 | 77384 | 82114 | 71732 | 79877 |
| Creditors | 7830 | 12202 | 13538 | 11845 | 14979 |
| Short Term Borrowing | 2037 | 2006 | 1976 | 1988 | 0 |
| Other Current Liabilities | 11396 | 22574 | 19647 | 13087 | 15704 |
| Total Current Liabilities | 21263 | 36782 | 35161 | 26920 | 30683 |
| Net Current Assets | 33738 | 40602 | 46953 | 44812 | 49194 |
| Shareholders Funds | 35760 | 43032 | 49091 | 47698 | 52910 |
| Total Loan Capital | 209 | 114 | 56 | 211 | 0 |
| Other Capital Employed | 637 | 36 | 56 | 629 | 755 |
| Total Capital Employed | 36606 | 43182 | 49203 | 48538 | 53665 |
| Pretax Profit Margin % | 11.51 | 15.44 | 11.79 | 13.06 | 16.14 |
| Sales Growth % | -13 | 20 | 7 | 8 | 10 |
| Pretax Profit Growth % | -22 | 61 | -18 | 20 | 35.94 |
| Debtor Ratio Days | 129 | 119 | 124 | 52 | 51.6357842842542 |
| Creditor Ratio Days | 59 | 77 | 80 | 65 | 74.5252960981182 |
| Stock Turnover | 7 | 4 | 4 | 4 | 3.6634546555806 |
| Sales £000 / Employee | 403 | 468 | 473 | 411 | 451.76049382716 |
| Value Added £000/Empl. | 114 | 150 | 123 | 119 | 142.002811625402 |
| Av. Remun. £000 / Empl. | 65 | 74 | 65 | 65 | 65.179012345679 |
| Total Empl. Remu. £000 | 7746 | 9085 | 8416 | 10559 | 10555.577947764 |
| Employees | 119 | 123 | 130 | 162 | 161.947497635929 |
| Pretax Profit/Total Assets % | 10 | 11 | 9 | 12 | 14 |
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 8.3% in the latest year, well above the industry average of 1.6%.
- The average salary is £65,000 which is well above the industry average of £48,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 13.1% in the latest year, well above the industry average of 5.0%.
- 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 14 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 23 in terms of Trading Profits.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £66.5m sales and made £8.7m, by following the proposal plan, sales would rise to £73.2m and profits would rise to £11.8m.
Key Attractiveness Features
- ADD £66.5m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
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) | 47966 | 57537 | 61431 | 66532 | 73161 |
| Pre-tax Profit (£000) | 5519 | 8881 | 7242 | 8687 | 11809 |
| Total Value (£000) | 56110 | 84047 | 78651 | 74405 | 96790 |
| Asset Value (£000) | 26400 | 37182 | 40276 | 31325 | 34820 |
| Goodwill (£000) | 29710 | 46865 | 38375 | 43080 | 61970 |
| Liabilities (£000) | 9360 | 5850 | 8815 | 16373 | 18090 |
| Equity Value (£000) | 65470 | 89897 | 87466 | 90778 | 114880 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
NEWBURY INVESTMENTS (UK) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
CHANNEL SAFETY SYSTEMS LTD
Acquisition / Valuation Comments
This company has been established 67 years.
The number of shareholders is low (1)
2 directors are over 60 years of age.
The value of the company has fallen 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 £74.4m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 14% return on total assets.
The company's value would increase by 30% if the proposed business plan was followed.
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