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Thatchers cider company ltd
Registration Number
00550634Incorporation Date
13/06/1955Last Annual Return
Not availableAddress
Myrtle Farm, Station Road, Winscombe, Avon. BS25 5RA
Website
www.thatcherscider.co.ukAudit Fees
£31,000Secretary
Not available
Directors
Active
Ms Joanna Louise Austin (44 yrs)
Active
Mr Robert Graham Davis (78 yrs)
Active
Mr Oliver Thomas Andrew Downes (44 yrs)
Active
Ms Eleanor Amy Thatcher (26 yrs)
Active
Ms Charlotte Jane Boyle (54 yrs)
Active
Mr Gary Derek Delafield (48 yrs)
Active
Mr Lance Stuart Moir (69 yrs)
Active
Mr Martin Thatcher (57 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Aug-22 | 31-Aug-23 | 31-Aug-24 | 31-Aug-25 | 30-Aug-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 155525 | 175264 | 203904 | 214162 | 225798 |
| Directors Fees | 944 | 1359 | 1234 | 1694 | 1830 |
| Gross Profits | 66356 | 70613 | 78162 | 82134 | 86597 |
| Value Added | 32485 | 33775 | 36568 | 41529 | 44979 |
| Trading Profit | 22193 | 21101 | 22312 | 25489 | 29595 |
| Depreciation | 5299 | 5999 | 6695 | 9095 | |
| Non-Trading Income | 21 | 548 | 362 | 676 | 0 |
| Total Interest Charges | 75 | 45 | 134 | 134 | 145 |
| Pre-tax Profit | 16840 | 15605 | 15845 | 16936 | 19627 |
| Retained Profit (Shareholders Funds) | 6554 | 5433 | 5022 | 5581 | 10162 |
| Fixed Assets | 26394 | 26931 | 32794 | 43347 | 46815 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 8537 | 16994 | 13947 | 12335 | 13005 |
| Debtors | 40041 | 37136 | 45296 | 48754 | 51403 |
| Cash or Equivalent | 20509 | 27240 | 27883 | 24024 | 11446 |
| Total Current Assets | 69087 | 81370 | 87126 | 85113 | 75854 |
| Creditors | 9122 | 8069 | 6144 | 9140 | 11082 |
| Short Term Borrowing | 20615 | 31468 | 32581 | 21247 | 0 |
| Other Current Liabilities | 24512 | 22634 | 26133 | 33468 | 36145 |
| Total Current Liabilities | 54249 | 62171 | 64858 | 63855 | 47227 |
| Net Current Assets | 14838 | 19199 | 22268 | 21258 | 28627 |
| Shareholders Funds | 40130 | 45563 | 50585 | 56166 | 66328 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 1102 | 567 | 4476 | 8439 | 9114 |
| Total Capital Employed | 41232 | 46130 | 55061 | 64605 | 75442 |
| Pretax Profit Margin % | 10.83 | 8.9 | 7.77 | 7.91 | 8.69 |
| Sales Growth % | 23 | 13 | 16 | 5 | 5 |
| Pretax Profit Growth % | 18 | -7 | 2 | 7 | 16.00 |
| Debtor Ratio Days | 94 | 77 | 81 | 83 | 82.8646351827121 |
| Creditor Ratio Days | 21 | 17 | 11 | 16 | 17.8649993929829 |
| Stock Turnover | 18 | 10 | 15 | 17 | 17.3621402513174 |
| Sales £000 / Employee | 704 | 693 | 781 | 796 | 875.755390334573 |
| Value Added £000/Empl. | 147 | 133 | 140 | 154 | 174.337209302326 |
| Av. Remun. £000 / Empl. | 47 | 50 | 55 | 60 | 59.6282527881041 |
| Total Empl. Remu. £000 | 10292 | 12674 | 14256 | 16040 | 15384.0892193309 |
| Employees | 221 | 253 | 261 | 269 | 258 |
| Pretax Profit/Total Assets % | 18 | 14 | 13 | 13 | 16 |
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 5.0% in the latest year, well above the industry average of -3.7%.
- Gross Profit Margin is 38.4% in the latest year, well above the industry average of 25.3%.
- Sales per Employee is £796,000 which is well above the industry average of £387,000.
- The average salary is £60,000 which is well above the industry average of £54,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 7.9% in the latest year, well above the industry average of 2.6%.
- Shareholders received £7.0m in dividends this year, over 41% of the pretax profits of the company.
- Formal debt of the company has decreased by £11.3m, a fall of 35%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 2 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 4 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £214m sales and made £16.9m, by following the proposal plan, sales would rise to £226m and profits would rise to £19.6m.
Key Attractiveness Features
- ADD £214m TO SALES
- 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-Aug-22 | 31-Aug-23 | 31-Aug-24 | 31-Aug-25 | 30-Aug-26 |
| Total Sales (£000) | 155525 | 175264 | 203904 | 214162 | 225798 |
| Pre-tax Profit (£000) | 16840 | 15605 | 15845 | 16936 | 19627 |
| Total Value (£000) | 164162 | 163366 | 176292 | 194876 | 219233 |
| Asset Value (£000) | 74972 | 81061 | 92037 | 104436 | 111223 |
| Goodwill (£000) | 89190 | 82305 | 84255 | 90440 | 108010 |
| Liabilities (£000) | -34842 | -35498 | -41451 | -48270 | -44895 |
| Equity Value (£000) | 129320 | 127868 | 134841 | 146606 | 174338 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
THATCHERS HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 71 years.
The number of shareholders is low (1).
1 director is over 70 years of age.
1 director is under 40 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 £194.9m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 16% return on total assets.
The company's value would increase by 12% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 38%.
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