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Acl hire ltd
Registration Number
SC185801Incorporation Date
14/05/1998Last Annual Return
Not availableAddress
47 West Main Street, Blackburn, Bathgate, West Lothian. EH47 7LT
Website
www.armadalecommercialsltd.comAudit Fees
£20,000Secretary
Mr Inderpal Lall
Directors
Active
Mr David Thomas Calabria (50 yrs)
Active
Mr Alan Christopher Olivier-Smith (53 yrs)
Active
Mr Matthew Henry Loveday (38 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) | 11165 | 12499 | 16397 | 23385 | 27594 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 4611 | 6567 | 8555 | 11295 | 13328 |
| Value Added | NA | 6429 | 7630 | 10172 | 15700 |
| Trading Profit | 4575 | 5431 | 6344 | 8266 | 13655 |
| Depreciation | 1350 | 547 | 46 | 54 | |
| Non-Trading Income | 0 | 120 | 550 | 1284 | 0 |
| Total Interest Charges | 248 | 59 | 0 | 0 | 0 |
| Pre-tax Profit | 2977 | 4945 | 6848 | 9496 | 13590 |
| Retained Profit (Shareholders Funds) | 2766 | 5438 | 6781 | 2493 | 5698 |
| Fixed Assets | 5251 | 247 | 201 | 242 | 290 |
| Intangibles | 24 | 11 | 5 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 34 | 38 | 33 | 8 | 9 |
| Debtors | 2204 | 1909 | 3153 | 4434 | 5232 |
| Cash or Equivalent | 3980 | 9432 | 15136 | 17126 | 20603 |
| Total Current Assets | 6218 | 11379 | 18322 | 21568 | 25844 |
| Creditors | 182 | 330 | 40 | 514 | 697 |
| Short Term Borrowing | 4547 | 742 | 1243 | 1663 | 0 |
| Other Current Liabilities | 1937 | 737 | 625 | 517 | 620 |
| Total Current Liabilities | 6666 | 1809 | 1908 | 2694 | 1317 |
| Net Current Assets | -448 | 9570 | 16414 | 18874 | 24527 |
| Shareholders Funds | 4390 | 9828 | 16609 | 19102 | 24800 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 437 | 0 | 11 | 14 | 17 |
| Total Capital Employed | 4827 | 9828 | 16620 | 19116 | 24817 |
| Pretax Profit Margin % | 26.66 | 39.56 | 41.76 | 40.61 | 49.25 |
| Sales Growth % | 12 | 12 | 31 | 43 | 18 |
| Pretax Profit Growth % | 387 | 66 | 38 | 39 | 43.11 |
| Debtor Ratio Days | 72 | 56 | 70 | 69 | 69.0175753688262 |
| Creditor Ratio Days | 6 | 10 | 1 | 8 | 9.200786829164 |
| Stock Turnover | 328 | 329 | 497 | 2923 | 2923.125 |
| Sales £000 / Employee | 294 | 312 | 410 | 441 | 485.349056603774 |
| Value Added £000/Empl. | NA | 161 | 191 | 192 | 276.143268308283 |
| Av. Remun. £000 / Empl. | NA | 25 | 32 | 36 | 35.9622641509434 |
| Total Empl. Remu. £000 | NA | 998 | 1286 | 1906 | 2044.61818181818 |
| Employees | 38 | 40 | 40 | 53 | 56.8545454545454 |
| Pretax Profit/Total Assets % | 26 | 42 | 37 | 44 | 52 |
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 42.6% in the latest year, well above the industry average of 6.8%.
- Gross Profit Margin is 48.3% in the latest year, well above the industry average of 30.4%.
- Sales per Employee is £441,000 which is well above the industry average of £329,000.
- 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.Only 1 other company achieved this
- The company has consistently improved pretax profits over the last 4 years.Only 11 other companies achieved this.
- Pretax Profit Margin is 40.6% in the latest year, well above the industry average of 7.3%.
- Shareholders received £7.0m in dividends this year, over 74% of the pretax profits of the company.
- Formal debt of the company has increased by £420,000, a rise of 34%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 8 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).
Company Summary
The company currently has £23.4m sales and made £9.5m, by following the proposal plan, sales would rise to £27.6m and profits would rise to £13.6m.
Key Attractiveness Features
- ADD £23.4m 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 | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 11165 | 12499 | 16397 | 23385 | 27594 |
| Pre-tax Profit (£000) | 2977 | 4945 | 6848 | 9496 | 13590 |
| Total Value (£000) | 23638 | 26625 | 34882 | 45744 | 73481 |
| Asset Value (£000) | 7513 | 2205 | 3392 | 4684 | 5531 |
| Goodwill (£000) | 16125 | 24420 | 31490 | 41060 | 67950 |
| Liabilities (£000) | -3123 | 7623 | 13217 | 14418 | 19269 |
| Equity Value (£000) | 20515 | 34248 | 48099 | 60162 | 92750 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
AVIS BUDGET UK LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 27 years.
The number of shareholders is low (1)
1 director is under 40 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 £45.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 52% return on total assets.
The company's value would increase by 61% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 91%.
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