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Coorstek advanced materials crewe ltd

Crewe, Cheshire. Registration No: 02769778

  • Registration Number

    02769778

  • Incorporation Date

    02/12/1992

  • Last Annual Return

    Not available

  • Address

    Unit 10, Crewe Hall Enterprise Park, Crewe, Cheshire. CW1 6UA

  • Website

    www.coorstek.com

  • Audit Fees

    Not available

  • Secretary

    Not available

Directors

Active

Mr Joseph Patrick McCurry (59 yrs)

Active

Mr Petrus Rodolphus Maria Schoone (61 yrs)

Company

Industry Av.

Proposed

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) 5434 5724 7607 8575 9884
Directors Fees 0 0 0 0 0
Gross Profits 3370 3459 4868 5101 5880
Value Added 3577 3468 5164 5278 7291
Trading Profit 1992 1832 3153 3296 5214
Depreciation 110 126 132 155
Non-Trading Income 37 10 32 201 0
Total Interest Charges 0 0 0 1 1
Pre-tax Profit 1919 1716 3053 3341 5027
Retained Profit (Shareholders Funds) -2580 1350 2477 2556 2005
Fixed Assets 661 876 986 1578 1894
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 290 345 704 660 761
Debtors 488 699 1288 847 976
Cash or Equivalent 980 2142 3673 6334 8059
Total Current Assets 1758 3186 5665 7841 9796
Creditors 139 320 379 487 646
Short Term Borrowing 79 0 0 0 0
Other Current Liabilities 135 228 268 222 266
Total Current Liabilities 353 548 647 709 912
Net Current Assets 1405 2638 5018 7132 8884
Shareholders Funds 2007 3357 5834 8390 10395
Total Loan Capital 0 0 0 0 0
Other Capital Employed 58 158 169 319 383
Total Capital Employed 2065 3515 6003 8709 10778
Pretax Profit Margin % 35.31 29.98 40.13 38.96 50.86
Sales Growth % -14 5 33 13 15
Pretax Profit Growth % 1 -11 78 9 50.46
Debtor Ratio Days 33 44 62 36 35.9542857142857
Creditor Ratio Days 9 20 18 21 23.7735510204082
Stock Turnover 19 17 11 13 12.9924242424242
Sales £000 / Employee 136 159 190 195 214.375
Value Added £000/Empl. 89 96 129 120 158.128541044181
Av. Remun. £000 / Empl. 40 45 50 45 45.0454545454545
Total Empl. Remu. £000 1585 1636 2011 1982 2076.95844736307
Employees 40 36 40 44 46.1080583672932
Pretax Profit/Total Assets % 79 42 46 35 43

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 12.7% in the latest year, well above the industry average of -3.9%.
  • Gross Profit Margin is 59.5% in the latest year, well above the industry average of 33.3%.
  • Sales per Employee is £195,000 which is well above the industry average of £154,000.
  • The average salary is £45,000 which is well above the industry average of £39,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Pretax Profit Margin is 39.0% in the latest year, well above the industry average of 0.5%.
  • The Trading Stability chart shows a well below average sales return on total assets in the latest year
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • The company is among the Top 6 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 10 in terms of Value Added.
  • The company is among the Top 12 in terms of Trading Profits.
  • The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).

Company

Industry Av.

Proposed

The data extends above the graph limits

Company Summary

The company currently has £8.6m sales and made £3.3m, by following the proposal plan, sales would rise to £9.9m and profits would rise to £5.0m.

Key Attractiveness Features

  • ADD £8.6m TO SALES
  • ATTRACTIVE RATING
  • ATTRACTIVE PRICE
  • FEW DIRECTORS

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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Total Sales (£000) 5434 5724 7607 8575 9884
Pre-tax Profit (£000) 1919 1716 3053 3341 5027
Total Value (£000) 10849 10450 18083 18790 28771
Asset Value (£000) 1439 1920 2978 3085 3631
Goodwill (£000) 9410 8530 15105 15705 25140
Liabilities (£000) 569 1436 2857 5306 6764
Equity Value (£000) 11418 11886 20940 24096 35535

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

COORSTEK LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

None

Acquisition / Valuation Comments

This company has been established 33 years.

The number of shareholders is low (1)

1 director is 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 £18.8m including debts.

The equity value is high, indicating low levels of total liabilities.

This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.

The proposed year is based on achieving a 43% return on total assets.

The company's value would increase by 53% if the proposed business plan was followed.

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