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Amalgamated construction ltd
Registration Number
00995892Incorporation Date
02/12/1970Last Annual Return
Not availableAddress
3125 Thorpe Park, Leeds, West Yorkshire. LS15 8ZB
Website
www.amco.co.ukAudit Fees
£166,000Secretary
RENEW NOMINEES LIMITED
Directors
Active
Mr John Henry Booth (53 yrs)
Active
Mr Simon James Ellison (49 yrs)
Active
RENEW CORPORATE DIRECTOR LIMITED
Active
Mr Philip Bruce (41 yrs)
Active
Mr Jason Derek Marbeck (56 yrs)
Active
Mr Paul Scott (60 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 281841 | 289145 | 337867 | 357231 | 379343 |
| Directors Fees | 754 | 944 | 995 | 1091 | 1178 |
| Gross Profits | 34898 | 41884 | 47821 | 42538 | 45171 |
| Value Added | 89195 | 106538 | 124508 | 129699 | 138568 |
| Trading Profit | 14774 | 21644 | 25593 | 26060 | 38519 |
| Depreciation | 288 | 248 | 276 | 362 | |
| Non-Trading Income | -1745 | -3474 | -2056 | 454 | 0 |
| Total Interest Charges | 10 | 6 | 133 | 499 | 539 |
| Pre-tax Profit | 12731 | 17916 | 23128 | 25653 | 37589 |
| Retained Profit (Shareholders Funds) | -709 | 3276 | 3985 | 4229 | 15392 |
| Fixed Assets | 793 | 1002 | 910 | 1947 | 2103 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 3474 | 0 | 0 | 0 | 0 |
| Stocks | 19 | 13 | 18 | 18 | 19 |
| Debtors | 40016 | 52686 | 49905 | 38789 | 41190 |
| Cash or Equivalent | 46985 | 61630 | 56437 | 59175 | 77942 |
| Total Current Assets | 87020 | 114329 | 106360 | 97982 | 119151 |
| Creditors | 8779 | 12209 | 15882 | 11192 | 13667 |
| Short Term Borrowing | 5177 | 4634 | 4679 | 1667 | 0 |
| Other Current Liabilities | 62831 | 79901 | 64364 | 60677 | 65531 |
| Total Current Liabilities | 76787 | 96744 | 84925 | 73536 | 79198 |
| Net Current Assets | 10233 | 17585 | 21435 | 24446 | 39953 |
| Shareholders Funds | 11512 | 14788 | 18773 | 23002 | 38394 |
| Total Loan Capital | 238 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 2750 | 3799 | 3572 | 3391 | 3662 |
| Total Capital Employed | 14500 | 18587 | 22345 | 26393 | 42056 |
| Pretax Profit Margin % | 4.52 | 6.2 | 6.85 | 7.18 | 9.91 |
| Sales Growth % | 20 | 3 | 17 | 6 | 6 |
| Pretax Profit Growth % | 9 | 41 | 29 | 11 | 46.53 |
| Debtor Ratio Days | 52 | 66 | 54 | 40 | 39.5239942782121 |
| Creditor Ratio Days | 11 | 15 | 17 | 11 | 13.1146826563204 |
| Stock Turnover | 14834 | 22242 | 18770 | 19846 | 19846.1666666667 |
| Sales £000 / Employee | 225 | 211 | 227 | 236 | 259.375643564356 |
| Value Added £000/Empl. | 71 | 78 | 84 | 86 | 94.7458957019104 |
| Av. Remun. £000 / Empl. | 59 | 62 | 66 | 68 | 68.4085808580858 |
| Total Empl. Remu. £000 | 74421 | 84894 | 98915 | 103639 | 100049.085631813 |
| Employees | 1251 | 1368 | 1490 | 1515 | 1462.52245517803 |
| Pretax Profit/Total Assets % | 14 | 16 | 22 | 26 | 31 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- The company lies an excellent 5th in terms of Total Sales in this industry.
- Sales per Employee is £236,000 which is well above the industry average of £140,000.
- The company has consistently improved pretax profits over the last 4 years.Only 5 other companies achieved this.
- Shareholders received £15.0m in dividends this year, over 58% of the pretax profits of the company.
- Formal debt of the company has decreased by £3.0m, a fall of 64%.
- The Trading Stability chart shows a well above 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 11 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 23 Leaders in Efficiency.
- 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 77 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £357m sales and made £25.7m, by following the proposal plan, sales would rise to £379m and profits would rise to £37.6m.
Key Attractiveness Features
- ADD £357m TO SALES
- ATTRACTIVE PRICE
- 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 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Total Sales (£000) | 281841 | 289145 | 337867 | 357231 | 379343 |
| Pre-tax Profit (£000) | 12731 | 17916 | 23128 | 25653 | 37589 |
| Total Value (£000) | 120502 | 165401 | 182393 | 174699 | 239842 |
| Asset Value (£000) | 44302 | 53701 | 50833 | 40754 | 43312 |
| Goodwill (£000) | 76200 | 111700 | 131560 | 133945 | 196530 |
| Liabilities (£000) | -32790 | -38913 | -32060 | -17752 | -4918 |
| Equity Value (£000) | 87712 | 126488 | 150333 | 156947 | 234924 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
AMCO GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
GIFFEN HOLDINGS LTD
Acquisition / Valuation Comments
This company has been established 55 years.
The number of shareholders is low (1)
The total value of the company is currently £174.7m 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 31% return on total assets.
The company's value would increase by 37% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 22%.
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