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Loughton contracts plc
Registration Number
02752811Incorporation Date
02/10/1992Last Annual Return
Not availableAddress
8&9 Loughton Business Centre, 5 Langston Road, Loughton, Essex. IG10 3FL
Website
www.loughtoncontracts.comAudit Fees
£60,000Secretary
Mr Ian Michael Brownjohn
Directors
Active
Mr Ian Michael Brownjohn (56 yrs)
Active
Lee Smyth (51 yrs)
Active
Mr John Michael Drage (85 yrs)
Active
Mr Paul Derek Smyth (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) | 57944 | 47805 | 52628 | 55460 | 56057 |
| Directors Fees | 997 | 979 | 975 | 671 | 671 |
| Gross Profits | 12163 | 11777 | 12551 | 12537 | 12672 |
| Value Added | 9251 | 9075 | 9532 | 9274 | 9998 |
| Trading Profit | 1422 | 1241 | 1372 | 1055 | 2428 |
| Depreciation | 39 | 45 | 59 | 77 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 53 | 134 | 301 | 348 | 313 |
| Pre-tax Profit | 1330 | 1062 | 1012 | 630 | 2046 |
| Retained Profit (Shareholders Funds) | 943 | 934 | 167 | -142 | 378 |
| Fixed Assets | 141 | 170 | 320 | 339 | 322 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 50 | 60 | 60 | 51 |
| Debtors | 2157 | 3356 | 3718 | 15033 | 12916 |
| Cash or Equivalent | 18014 | 19246 | 16650 | 7036 | 7168 |
| Total Current Assets | 20171 | 22652 | 20428 | 22129 | 20135 |
| Creditors | 5817 | 7243 | 6586 | 4968 | 5775 |
| Short Term Borrowing | 1019 | 1469 | 887 | 3196 | 0 |
| Other Current Liabilities | 3223 | 2927 | 1927 | 3098 | 3098 |
| Total Current Liabilities | 10059 | 11639 | 9400 | 11262 | 8873 |
| Net Current Assets | 10112 | 11013 | 11028 | 10867 | 11262 |
| Shareholders Funds | 10247 | 11181 | 11348 | 11206 | 11584 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 6 | 2 | 0 | 0 | 0 |
| Total Capital Employed | 10253 | 11183 | 11348 | 11206 | 11584 |
| Pretax Profit Margin % | 2.3 | 2.22 | 1.92 | 1.14 | 3.65 |
| Sales Growth % | 37 | -17 | 10 | 5 | 1 |
| Pretax Profit Growth % | -20 | -20 | -5 | -38 | 225.00 |
| Debtor Ratio Days | 14 | 26 | 26 | 99 | 83.8660331770645 |
| Creditor Ratio Days | 37 | 55 | 46 | 33 | 37.4973818968626 |
| Stock Turnover | NA | 956 | 877 | 924 | 1109.2 |
| Sales £000 / Employee | NA | 439 | 487 | 486 | 535.140350877193 |
| Value Added £000/Empl. | NA | 83 | 88 | 81 | 95.2190476190476 |
| Av. Remun. £000 / Empl. | NA | 72 | 76 | 72 | 72.0964912280702 |
| Total Empl. Remu. £000 | 7829 | 7834 | 8160 | 8219 | 7570.13157894737 |
| Employees | NA | 109 | 108 | 114 | 105 |
| Pretax Profit/Total Assets % | 7 | 5 | 5 | 3 | 10 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 5.4% in the latest year, well above the industry average of -1.2%.
- The company lies an excellent 3rd in terms of Total Sales in this industry.
- Sales per Employee is £486,000 which is well above the industry average of £311,000.
- The average salary is £72,000 which is well above the industry average of £43,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Shareholders received £695,000 in dividends this year, over 110% of the pretax profits of the company.
- The company would have made a significantly higher profit but for interest payments of £348,000.
- Formal debt of the company has increased by £2.3m, a rise of 260%.
- The company is among the Top 3 companies listed as a Best Trading Partner (see section 1c).
Company Summary
The company currently has £55.5m sales and made £630,000, by following the proposal plan, sales would be level but profits would rise to £2.0m.
Key Attractiveness Features
- ADD £55.5m TO SALES
- FEW DIRECTORS
- HIGH INTEREST PAYMENTS
- HIGH DIRS FEES
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) | 57944 | 47805 | 52628 | 55460 | 56057 |
| Pre-tax Profit (£000) | 1330 | 1062 | 1012 | 630 | 2046 |
| Total Value (£000) | 14198 | 14451 | 15538 | 23677 | 28439 |
| Asset Value (£000) | 2298 | 3576 | 4098 | 15432 | 13289 |
| Goodwill (£000) | 11900 | 10875 | 11440 | 8245 | 15150 |
| Liabilities (£000) | 7949 | 7605 | 7250 | -4226 | -1705 |
| Equity Value (£000) | 22147 | 22056 | 22788 | 19451 | 26734 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
LOUGHTON 2011 LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 34 years.
The number of shareholders is low (1).
1 director is over 70 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 £23.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 20% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 32%.
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