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Eastern western motor group ltd
Registration Number
SC038211Incorporation Date
30/11/1962Last Annual Return
Not availableAddress
8 Westerton Road, East Mains Industrial Estate, Broxburn, West Lothian. EH52 5AU
Website
www.easternbmw.co.ukAudit Fees
£124,000Secretary
Mr Nasser Abdul Mohammed
Directors
Active
Mr Graham James Affleck (53 yrs)
Active
Mr Keith Alex Kinnear Duncan (61 yrs)
Active
Mr Nasser Abdul Mohammed (69 yrs)
Active
Mr Robert Magnus Wang (56 yrs)
Active
Mr Douglas John Brown (63 yrs)
Active
Mr Christopher John Hugh La Trobe (54 yrs)
Active
Mr Kenneth Robb (56 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 818080 | 810940 | 859386 | 921666 | 935025 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 99845 | 100487 | 102446 | 106582 | 108127 |
| Value Added | 86626 | 82187 | 80371 | 80707 | 83472 |
| Trading Profit | 29900 | 23777 | 19980 | 15846 | 23640 |
| Depreciation | 2164 | 1847 | 1835 | 2035 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 1821 | 1899 | 3349 | 4325 | 3893 |
| Pre-tax Profit | 25915 | 20031 | 14796 | 9486 | 17915 |
| Retained Profit (Shareholders Funds) | 17332 | 9990 | 5045 | 840 | 5692 |
| Fixed Assets | 9047 | 9171 | 9790 | 11354 | 10786 |
| Intangibles | 3201 | 2673 | 2145 | 2300 | 2185 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 77628 | 94849 | 105787 | 105616 | 89289 |
| Debtors | 11462 | 12086 | 10644 | 11567 | 9974 |
| Cash or Equivalent | 118104 | 43640 | 51131 | 68581 | 66917 |
| Total Current Assets | 207194 | 150575 | 167562 | 185764 | 166180 |
| Creditors | 9202 | 12510 | 9512 | 9978 | 11641 |
| Short Term Borrowing | 136630 | 63366 | 15086 | 27584 | 0 |
| Other Current Liabilities | 19256 | 21883 | 84944 | 90569 | 90569 |
| Total Current Liabilities | 165088 | 97759 | 109542 | 128131 | 102210 |
| Net Current Assets | 42106 | 52816 | 58020 | 57633 | 63970 |
| Shareholders Funds | 53739 | 63729 | 68774 | 69614 | 75306 |
| Total Loan Capital | 0 | 0 | 0 | 38 | 0 |
| Other Capital Employed | 615 | 931 | 1181 | 1635 | 1635 |
| Total Capital Employed | 54354 | 64660 | 69955 | 71287 | 76941 |
| Pretax Profit Margin % | 3.17 | 2.47 | 1.72 | 1.03 | 1.92 |
| Sales Growth % | 23 | -1 | 6 | 7 | 1 |
| Pretax Profit Growth % | 167 | -23 | -26 | -36 | 89.00 |
| Debtor Ratio Days | 5 | 5 | 5 | 5 | 3.883000783364 |
| Creditor Ratio Days | 4 | 6 | 4 | 4 | 4.5317835311273 |
| Stock Turnover | 11 | 9 | 8 | 9 | 10.4718906226329 |
| Sales £000 / Employee | 598 | 562 | 588 | 606 | 666.118659658344 |
| Value Added £000/Empl. | 63 | 57 | 55 | 53 | 59.4529914529915 |
| Av. Remun. £000 / Empl. | 41 | 41 | 41 | 43 | 42.6156373193167 |
| Total Empl. Remu. £000 | 56726 | 58410 | 60391 | 64861 | 59832.3547963206 |
| Employees | 1369 | 1442 | 1461 | 1522 | 1404 |
| Pretax Profit/Total Assets % | 12 | 12 | 8 | 5 | 10 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 7.2% in the latest year, well above the industry average of 2.9%.
- The company lies an excellent 2nd in terms of Total Sales in this industry.
- The company lies an excellent 3rd in terms of Pretax Profits in this industry.
- Sales per Employee is £606,000 which is well above the industry average of £509,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Shareholders received £6.3m in dividends this year, over 66% of the pretax profits of the company.
- The company would have made a significantly higher profit but for interest payments of £4.3m.
- Formal debt of the company has increased by £12.5m, a rise of 83%.
- 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 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 13 Leaders in Efficiency.
- 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 £922m sales and made £9.5m, by following the proposal plan, sales would be level but profits would rise to £17.9m.
Key Attractiveness Features
- ADD £922m TO SALES
- HIGH INTEREST PAYMENTS
- HIGH DIVIDEND
- 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-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 818080 | 810940 | 859386 | 921666 | 935025 |
| Pre-tax Profit (£000) | 25915 | 20031 | 14796 | 9486 | 17915 |
| Total Value (£000) | 240018 | 228429 | 219091 | 199892 | 221274 |
| Asset Value (£000) | 101338 | 118779 | 128366 | 130837 | 112234 |
| Goodwill (£000) | 138680 | 109650 | 90725 | 69055 | 109040 |
| Liabilities (£000) | -47599 | -55050 | -59592 | -61223 | -36928 |
| Equity Value (£000) | 192419 | 173379 | 159499 | 138669 | 184346 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
EASTERN HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
ALEX F NOBLE & SON LTD.
CAR DEAL CLOUD LTD
CAR DEAL WAREHOUSE LTD
EASTERN MOTOR COMPANY LTD
EASTERN WESTERN FINANCIAL SERVICES LTD
EASTERN WESTERN LEASING LTD
EW LEASING LTD
EWFS LTD
FOXBURGH LTD
GOFE LTD
Acquisition / Valuation Comments
This company has been established 64 years.
The number of shareholders is low (1).
3 directors are over 60 years of age.
The value of the company has fallen in each of the last 2 years.
The total value of the company is currently £199.9m including debts.
The equity value, after deducting debts is £139m.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 11% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 47%.
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