Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
C r encapsulation ltd
Registration Number
SC228211Incorporation Date
18/02/2002Last Annual Return
Not availableAddress
Unit 5, Altec Centre, Minto Drive, Aberdeen, Aberdeenshire. AB12 3LW
Website
www.creltd.co.ukAudit Fees
£17,000Secretary
OAKWOOD CORPORATE SECRETARY LIMITED
Directors
Active
Mr Colin Christie (51 yrs)
Active
Ms Cathy Yang (53 yrs)
Active
Mr Mark Twaalfhoven (65 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 8816 | 10011 | 13075 | 17260 | 20367 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 3898 | 4424 | 5631 | 8273 | 9762 |
| Value Added | NA | 4653 | 6408 | 8686 | 12227 |
| Trading Profit | 2196 | 2372 | 3373 | 4935 | 8203 |
| Depreciation | 134 | 130 | 118 | 98 | |
| Non-Trading Income | 0 | 1 | 12 | 34 | 0 |
| Total Interest Charges | 8 | 10 | 19 | 3 | 4 |
| Pre-tax Profit | 2054 | 2233 | 3248 | 4868 | 8081 |
| Retained Profit (Shareholders Funds) | 704 | 1806 | -933 | 1149 | 2921 |
| Fixed Assets | 323 | 276 | 298 | 251 | 301 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 2476 | 2496 | 3313 | 3315 | 3912 |
| Debtors | 1487 | 1814 | 2629 | 3334 | 3934 |
| Cash or Equivalent | 2069 | 3656 | 984 | 3329 | 6030 |
| Total Current Assets | 6032 | 7966 | 6926 | 9978 | 13876 |
| Creditors | 630 | 586 | 740 | 1387 | 1882 |
| Short Term Borrowing | 200 | 400 | 200 | 0 | 0 |
| Other Current Liabilities | 717 | 1031 | 1173 | 2209 | 2651 |
| Total Current Liabilities | 1547 | 2017 | 2113 | 3596 | 4533 |
| Net Current Assets | 4485 | 5949 | 4813 | 6382 | 9343 |
| Shareholders Funds | 4167 | 5973 | 5040 | 6189 | 9110 |
| Total Loan Capital | 600 | 200 | 0 | 0 | 0 |
| Other Capital Employed | 41 | 52 | 71 | 445 | 534 |
| Total Capital Employed | 4808 | 6225 | 5111 | 6634 | 9644 |
| Pretax Profit Margin % | 23.3 | 22.31 | 24.84 | 28.2 | 39.68 |
| Sales Growth % | 4 | 14 | 31 | 32 | 18 |
| Pretax Profit Growth % | 52 | 9 | 45 | 50 | 66.00 |
| Debtor Ratio Days | 61 | 66 | 73 | 70 | 70.3114716106605 |
| Creditor Ratio Days | 26 | 21 | 21 | 29 | 33.6383661645423 |
| Stock Turnover | 4 | 4 | 4 | 5 | 5.2066365007542 |
| Sales £000 / Employee | 166 | 156 | 168 | 201 | 220.767441860466 |
| Value Added £000/Empl. | NA | 73 | 82 | 101 | 132.535474970438 |
| Av. Remun. £000 / Empl. | NA | 36 | 39 | 44 | 43.6162790697674 |
| Total Empl. Remu. £000 | NA | 2281 | 3035 | 3751 | 4023.79999999999 |
| Employees | 53 | 64 | 78 | 86 | 92.2545454545453 |
| Pretax Profit/Total Assets % | 32 | 27 | 45 | 48 | 57 |
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 32.0% in the latest year, well above the industry average of -0.5%.
- Gross Profit Margin is 47.9% in the latest year, well above the industry average of 24.3%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved sales growth over the last 4 years. The only company to do so.
- The company has consistently improved pretax profits over the last 4 years.Only 9 other companies achieved this.
- Pretax Profit Margin is 28.2% in the latest year, well above the industry average of 6.1%.
- Shareholders received £2.5m in dividends this year, over 51% 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 5 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 5 in terms of Value Added.
- The company is among the Top 14 in terms of Trading Profits.
Company Summary
The company currently has £17.3m sales and made £4.9m, by following the proposal plan, sales would rise to £20.4m and profits would rise to £8.1m.
Key Attractiveness Features
- ADD £17.3m TO SALES
- ATTRACTIVE PRICE
- 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 | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | 8816 | 10011 | 13075 | 17260 | 20367 |
| Pre-tax Profit (£000) | 2054 | 2233 | 3248 | 4868 | 8081 |
| Total Value (£000) | 14596 | 15796 | 22515 | 31085 | 48572 |
| Asset Value (£000) | 4286 | 4586 | 6240 | 6900 | 8147 |
| Goodwill (£000) | 10310 | 11210 | 16275 | 24185 | 40425 |
| Liabilities (£000) | -119 | 1387 | -1200 | -712 | 963 |
| Equity Value (£000) | 14477 | 17183 | 21315 | 30373 | 49535 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
TPC WIRE & CABLE LTD LIABILITY COMPANY (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 23 years.
The number of shareholders is low (1)
1 director is 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 £31.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 57% return on total assets.
The company's value would increase by 56% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 19%.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo