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Scomac catering equipment ltd
Registration Number
02841935Incorporation Date
03/08/1993Last Annual Return
Not availableAddress
Unitech House, Prospect Rd, Burntwood, Staffordshire. WS7 0AU
Website
www.scomaccateringequipment.comAudit Fees
£14,000Secretary
Mr Mark Anthony James Street
Directors
Active
Mr Alexander Menzies Imlah (61 yrs)
Active
Mr Steven Shepherd (54 yrs)
Active
Ms Mandy Imlah (63 yrs)
Active
Mr Mark Anthony James Street (65 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) | 8208 | 10012 | 13482 | 15431 | 15877 |
| Directors Fees | 105 | 114 | 126 | 201 | 201 |
| Gross Profits | 1729 | 2621 | 3558 | 3933 | 4047 |
| Value Added | 3098 | 2850 | 3437 | 3798 | 3770 |
| Trading Profit | 40 | 64 | 270 | 346 | 541 |
| Depreciation | 75 | 55 | 29 | 20 | |
| Non-Trading Income | 0 | 0 | 0 | 13 | 0 |
| Total Interest Charges | 2 | 7 | 4 | 0 | 0 |
| Pre-tax Profit | -37 | 2 | 237 | 339 | 523 |
| Retained Profit (Shareholders Funds) | -309 | 41 | 91 | 136 | 203 |
| Fixed Assets | 392 | 335 | 265 | 223 | 212 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 193 | 247 | 442 | 295 | 253 |
| Debtors | 2320 | 2285 | 2773 | 3098 | 2709 |
| Cash or Equivalent | 767 | 998 | 803 | 1376 | 2056 |
| Total Current Assets | 3280 | 3530 | 4018 | 4769 | 5018 |
| Creditors | 1312 | 1875 | 2357 | 2653 | 3139 |
| Short Term Borrowing | 412 | 230 | 465 | 451 | 0 |
| Other Current Liabilities | 1040 | 822 | 433 | 723 | 723 |
| Total Current Liabilities | 2764 | 2927 | 3255 | 3827 | 3862 |
| Net Current Assets | 516 | 603 | 763 | 942 | 1156 |
| Shareholders Funds | 897 | 938 | 1029 | 1165 | 1368 |
| Total Loan Capital | 12 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 909 | 938 | 1029 | 1165 | 1368 |
| Pretax Profit Margin % | -0.45 | 0.02 | 1.76 | 2.2 | 3.29 |
| Sales Growth % | -40 | 22 | 35 | 14 | 3 |
| Pretax Profit Growth % | -109 | 105 | 11750 | 43 | 54.00 |
| Debtor Ratio Days | 103 | 83 | 75 | 73 | 62.1165964616681 |
| Creditor Ratio Days | 58 | 68 | 64 | 63 | 71.9684919966301 |
| Stock Turnover | 43 | 41 | 31 | 52 | 62.7701694915254 |
| Sales £000 / Employee | 88 | 128 | 157 | 184 | 202.072619047619 |
| Value Added £000/Empl. | 33 | 37 | 40 | 45 | 47.9817687682925 |
| Av. Remun. £000 / Empl. | 33 | 36 | 37 | 41 | 41.0952380952381 |
| Total Empl. Remu. £000 | 3058 | 2786 | 3167 | 3452 | 3228.91488988685 |
| Employees | 93 | 78 | 86 | 84 | 78.5715094873973 |
| Pretax Profit/Total Assets % | -1 | 0 | 6 | 7 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- Total Sales have increased by 14.5% in the latest year, well above the industry average of 1.8%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 1.8% to 2.2% in the latest year.
- Shareholders received £120,000 in dividends this year, over 35% of the pretax profits of the company.
- The Trading Stability chart shows a well above average sales return on total assets in the latest year
- The company is among the Top 16 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 295 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £15.4m sales and made £339,000, by following the proposal plan, sales would be level but profits would rise to £523,000.
Key Attractiveness Features
- ADD £15.4m TO SALES
- FEW DIRECTORS
- 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-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 8208 | 10012 | 13482 | 15431 | 15877 |
| Pre-tax Profit (£000) | -37 | 2 | 237 | 339 | 523 |
| Total Value (£000) | 3255 | 3482 | 5315 | 6251 | 6794 |
| Asset Value (£000) | 2905 | 2867 | 3480 | 3616 | 3174 |
| Goodwill (£000) | 350 | 615 | 1835 | 2635 | 3620 |
| Liabilities (£000) | -2009 | -1929 | -2452 | -2451 | -1806 |
| Equity Value (£000) | 1246 | 1553 | 2863 | 3800 | 4988 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
UNITECH INDUSTRIES LTD (85.0%)
MR STEVEN SHEPHERD (10.0%)
MR MARK STREET (5.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
WELLINGTON PARK MANAGEMENT LTD
Acquisition / Valuation Comments
This company has been established 32 years.
The number of shareholders is low (3)
3 directors are 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 £6.3m including debts.
The equity value, after deducting debts is £3.8m.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The proposed plan would improve the overall financial strength of the company by 22%.
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