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Bettys & taylors of harrogate ltd
Registration Number
00543821Incorporation Date
27/01/1955Last Annual Return
Not availableAddress
1 Parliament Street, Harrogate, North Yorkshire. HG1 2QU
Website
www.bettys.co.ukAudit Fees
£136,000Secretary
Not available
Directors
Active
Rimla Akhtar
Active
Mr Paul Murray Cogan
Active
Ms Fiona Catherine Gunn (68 yrs)
Active
Mr Andrew James Wildsmith (49 yrs)
Active
Mr Andrew Stephen Francis La Hausse Brown (62 yrs)
Active
Mr Christopher John Dee (57 yrs)
Active
Ms Clare Morrow (65 yrs)
Active
Mr Johnathan Leslie Wragg (66 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Oct-21 | 31-Oct-22 | 31-Oct-23 | 31-Oct-24 | 30-Oct-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 252656 | 260585 | 295738 | 319222 | 349641 |
| Directors Fees | 1140 | 1180 | 1196 | 1423 | 1708 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 64978 | 73755 | 80417 | 104718 | 111474 |
| Trading Profit | 18859 | 21757 | 28261 | 38490 | 45517 |
| Depreciation | 3400 | 4319 | 4669 | 5242 | |
| Non-Trading Income | 13 | 273 | 812 | 0 | 0 |
| Total Interest Charges | 850 | 130 | 1 | 760 | 912 |
| Pre-tax Profit | 14622 | 17581 | 24403 | 32488 | 38315 |
| Retained Profit (Shareholders Funds) | -1439 | 3939 | 4947 | 26236 | 19493 |
| Fixed Assets | 10743 | 19138 | 19368 | 23639 | 28367 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 50086 | 53747 | 56940 | 63651 | 69716 |
| Debtors | 32679 | 29886 | 35174 | 40835 | 44726 |
| Cash or Equivalent | 12101 | 18919 | 20841 | 25756 | 10452 |
| Total Current Assets | 94866 | 102552 | 112955 | 130242 | 124894 |
| Creditors | 7524 | 13978 | 14229 | 11296 | 14228 |
| Short Term Borrowing | 33177 | 42235 | 44381 | 29053 | 0 |
| Other Current Liabilities | 16538 | 13078 | 16405 | 29095 | 34914 |
| Total Current Liabilities | 57239 | 69291 | 75015 | 69444 | 49142 |
| Net Current Assets | 37627 | 33261 | 37940 | 60798 | 75752 |
| Shareholders Funds | 48370 | 52309 | 57256 | 83492 | 102985 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 90 | 52 | 945 | 1134 |
| Total Capital Employed | 48370 | 52399 | 57308 | 84437 | 104119 |
| Pretax Profit Margin % | 5.79 | 6.75 | 8.25 | 10.18 | 10.96 |
| Sales Growth % | 9 | 3 | 13 | 8 | 10 |
| Pretax Profit Growth % | -12 | 20 | 39 | 33 | 18.00 |
| Debtor Ratio Days | 47 | 42 | 43 | 47 | 46.5630188395537 |
| Creditor Ratio Days | 11 | 20 | 18 | 13 | 14.8125931170157 |
| Stock Turnover | 5 | 5 | 5 | 5 | 5.0151922200751 |
| Sales £000 / Employee | 174 | 174 | 203 | 218 | 239.688873720137 |
| Value Added £000/Empl. | 45 | 49 | 55 | 71 | 76.4043865661412 |
| Av. Remun. £000 / Empl. | 32 | 35 | 36 | 45 | 45.2068259385666 |
| Total Empl. Remu. £000 | 46119 | 51998 | 52156 | 66228 | 65956.7590443687 |
| Employees | 1451 | 1500 | 1455 | 1465 | 1459 |
| Pretax Profit/Total Assets % | 14 | 14 | 18 | 21 | 25 |
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 7.9% in the latest year, well above the industry average of 3.8%.
- The company lies an excellent 4th in terms of Pretax Profits in this industry.
- Sales per Employee is £218,000 which is well above the industry average of £155,000.
- The average salary is £45,000 which is well above the industry average of £36,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years. Only 7 other companies achieved this.
- Pretax Profit Margin is 10.2% in the latest year, well above the industry average of 4.3%.
- Pretax Profit Margin has markedly improved from 8.3% to 10.2% in the latest year.
- Formal debt of the company has decreased by £15.3m, a fall of 35%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 11 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 21 in terms of Trading Profits.
- The company is among the Top 26 Leaders in Efficiency.
Company Summary
The company currently has £319m sales and made £32.5m, by following the proposal plan, sales would rise to £350m and profits would rise to £38.3m.
Key Attractiveness Features
- ADD £319m TO SALES
- HIGH AVERAGE AGE
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-Oct-21 | 31-Oct-22 | 31-Oct-23 | 31-Oct-24 | 30-Oct-25 |
| Total Sales (£000) | 252656 | 260585 | 295738 | 319222 | 349641 |
| Pre-tax Profit (£000) | 14622 | 17581 | 24403 | 32488 | 38315 |
| Total Value (£000) | 176503 | 195861 | 235422 | 301480 | 347484 |
| Asset Value (£000) | 93508 | 102771 | 111482 | 128125 | 142809 |
| Goodwill (£000) | 82995 | 93090 | 123940 | 173355 | 204675 |
| Liabilities (£000) | -45138 | -50462 | -54226 | -44633 | -39824 |
| Equity Value (£000) | 131365 | 145399 | 181196 | 256847 | 307660 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BETTYS & TAYLORS GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 71 years.
The number of shareholders is low (1).
4 directors are over 60 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £301.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 25% return on total assets.
The company's value would increase by 15% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 48%.
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