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Mercedes-benz grand prix ltd
Registration Number
00787446Incorporation Date
09/01/1964Last Annual Return
Not availableAddress
Lauda Drive, Brackley, Northamptonshire. NN13 7BD
Website
www.mercedesamgf1.comAudit Fees
£218,000Secretary
Ms Carrie Donaghy
Directors
Active
Mr Rene Berger (53 yrs)
Active
Mr Andrew Currie (70 yrs)
Active
Mr Michael Schiebe (42 yrs)
Active
Dr Joerg Theodor Burzer (56 yrs)
Active
Mr Jonathan Ginns (52 yrs)
Active
Mr Toto Wolff (54 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) | 383302 | 474558 | 546450 | 636025 | 750510 |
| Directors Fees | 6865 | 3700 | 6060 | 4462 | 5354 |
| Gross Profits | 85811 | 123735 | 132779 | 187232 | 220934 |
| Value Added | 201907 | 227520 | 262180 | 304322 | 417428 |
| Trading Profit | 92811 | 133655 | 135212 | 179311 | 283346 |
| Depreciation | 20873 | 20055 | 21426 | 18671 | |
| Non-Trading Income | 17 | 384 | 2472 | 2406 | 0 |
| Total Interest Charges | 93 | 534 | 428 | 0 | 0 |
| Pre-tax Profit | 71862 | 113450 | 115830 | 163046 | 260941 |
| Retained Profit (Shareholders Funds) | 68806 | 34634 | 8836 | 22997 | 97828 |
| Fixed Assets | 87102 | 116853 | 108473 | 114372 | 137246 |
| Intangibles | 1266 | 1245 | 1108 | 1423 | 1708 |
| Intermediate Assets | 0 | 0 | 6542 | 6559 | 7871 |
| Stocks | 3222 | 4471 | 4909 | 4922 | 5808 |
| Debtors | 63387 | 64726 | 159062 | 102541 | 120998 |
| Cash or Equivalent | 149270 | 152437 | 136793 | 192773 | 293631 |
| Total Current Assets | 215879 | 221634 | 300764 | 300236 | 420437 |
| Creditors | 7117 | 11029 | 16659 | 23088 | 31330 |
| Short Term Borrowing | 13348 | 2750 | 0 | 0 | 0 |
| Other Current Liabilities | 137966 | 130924 | 206526 | 183840 | 220608 |
| Total Current Liabilities | 158431 | 144703 | 223185 | 206928 | 251938 |
| Net Current Assets | 57448 | 76931 | 77579 | 93308 | 168499 |
| Shareholders Funds | 140023 | 174657 | 183493 | 206490 | 304318 |
| Total Loan Capital | 0 | 8250 | 0 | 0 | 0 |
| Other Capital Employed | 5793 | 12122 | 10209 | 9172 | 11006 |
| Total Capital Employed | 145816 | 195029 | 193702 | 215662 | 315324 |
| Pretax Profit Margin % | 18.75 | 23.91 | 21.2 | 25.64 | 34.77 |
| Sales Growth % | 8 | 24 | 15 | 16 | 18 |
| Pretax Profit Growth % | 317 | 58 | 2 | 41 | 60.00 |
| Debtor Ratio Days | 60 | 50 | 106 | 59 | 58.6846806336229 |
| Creditor Ratio Days | 7 | 8 | 11 | 13 | 15.1953725089422 |
| Stock Turnover | 119 | 106 | 111 | 129 | 129.220845184884 |
| Sales £000 / Employee | 382 | 426 | 424 | 481 | 528.818972033257 |
| Value Added £000/Empl. | 201 | 204 | 203 | 230 | 294.170542635659 |
| Av. Remun. £000 / Empl. | 109 | 84 | 99 | 94 | 94.4905517762661 |
| Total Empl. Remu. £000 | 109096 | 93865 | 126968 | 125011 | 134082.092970522 |
| Employees | 1004 | 1114 | 1289 | 1323 | 1419 |
| Pretax Profit/Total Assets % | 24 | 33 | 28 | 39 | 46 |
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 16.4% in the latest year, well above the industry average of -1.2%.
- The company lies an excellent 3rd in terms of Pretax Profits in this industry. Up 4 places from last year.
- Gross Profit Margin is 29.4% in the latest year, well above the industry average of 14.2%.
- Gross Profit Margin has markedly improved from 24.3% to 29.4% in the latest year.
- The average salary is £94,000 which is well above the industry average of £61,000.
- 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 2 other companies achieved this.
- Pretax Profit Margin is 25.6% in the latest year, well above the industry average of -4.3%.
- Pretax Profit Margin has markedly improved from 21.2% to 25.6% in the latest year.
- Shareholders received £100.0m in dividends this year, over 61% of the pretax profits of the company.
- The company is the only Best Trading Partner in this industry (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 8 in terms of Value Added.
Company Summary
The company currently has £636m sales and made £163m, by following the proposal plan, sales would rise to £751m and profits would rise to £261m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £636m 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 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 383302 | 474558 | 546450 | 636025 | 750510 |
| Pre-tax Profit (£000) | 71862 | 113450 | 115830 | 163046 | 260941 |
| Total Value (£000) | 548992 | 773795 | 879324 | 1055327 | 1605106 |
| Asset Value (£000) | 154977 | 187295 | 280094 | 229817 | 273631 |
| Goodwill (£000) | 394015 | 586500 | 599230 | 825510 | 1331475 |
| Liabilities (£000) | -14954 | -12638 | -96601 | -23327 | 30687 |
| Equity Value (£000) | 534038 | 761157 | 782723 | 1032000 | 1635793 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
INEOS INDUSTRIES HOLDINGS LTD (33.3%)
MERCEDES-BENZ HOLDINGS UK LTD (33.3%)
TOTO WOLFF (28.0%)
MR GEORGE KURTZ
Immediate Shareholder: See Shareholders
Subsidiaries
MERCEDES-BENZ GRAND PRIX ESTATES LTD
Acquisition / Valuation Comments
This company has been established 62 years.
1 director is 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 £1.1bn including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 46% return on total assets.
The company's value would increase by 52% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 21%.
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