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Sophos ltd

Abingdon, Oxfordshire. Registration No: 02096520

  • Registration Number

    02096520

  • Incorporation Date

    04/02/1987

  • Last Annual Return

    Not available

  • Address

    The Pentagon, Abingdon Science Park, Abingdon, Oxfordshire. OX14 3YP

  • Website

    www.sophos.com

  • Audit Fees

    £66,000

  • Secretary

    Not available

Directors

Active

Ms Jacqueline Denton (58 yrs)

Active

Mr Stuart Barry David Fillingham (60 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 30-Mar-25
Weeks 52 52 52 52 52
Total Sales (£000) 451563 526011 611469 644349 681769
Directors Fees 0 0 0 0 0
Gross Profits 381818 461704 541879 585829 619850
Value Added 87722 168468 186916 242645 293548
Trading Profit 18199 97706 97969 169846 223524
Depreciation 2811 2829 2812 2627
Non-Trading Income 975 2805 5031 16085 0
Total Interest Charges 3210 0 19 79 85
Pre-tax Profit 13153 97682 100169 183225 220602
Retained Profit (Shareholders Funds) -214413 98875 96044 119054 109935
Fixed Assets 13647 11939 10135 8432 9107
Intangibles 24923 7745 33411 24761 26742
Intermediate Assets 148978 148978 149394 149143 161074
Stocks 1148 1886 8091 5205 5507
Debtors 22080 24366 29205 35625 37694
Cash or Equivalent 673722 905196 969356 1068028 1057533
Total Current Assets 696950 931448 1006652 1108858 1100734
Creditors 12481 20333 21005 22371 27221
Short Term Borrowing 186953 227765 152910 156665 0
Other Current Liabilities 300461 347408 425029 380495 410935
Total Current Liabilities 499895 595506 598944 559531 438156
Net Current Assets 197055 335942 407708 549327 662578
Shareholders Funds 193902 292777 388821 507875 617810
Total Loan Capital 0 0 0 0 0
Other Capital Employed 190701 211827 211827 223788 241691
Total Capital Employed 384603 504604 600648 731663 859501
Pretax Profit Margin % 2.91 18.57 16.38 28.44 32.36
Sales Growth % 18 16 16 5 6
Pretax Profit Growth % -93 643 3 83 20.40
Debtor Ratio Days 18 17 17 20 20.124963335087
Creditor Ratio Days 10 14 13 13 14.533274048691
Stock Turnover 393 279 76 124 123.794236311239
Sales £000 / Employee 730 812 865 1031 1134.05424
Value Added £000/Empl. 142 260 264 388 488.287700568395
Av. Remun. £000 / Empl. 112 109 126 116 116.4784
Total Empl. Remu. £000 69523 70762 88947 72799 70024.2937174099
Employees 619 648 707 625 601.178361974494
Pretax Profit/Total Assets % 1 9 8 14 17

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
  • The company lies an excellent 10th in terms of Total Sales in this industry.
  • The company lies an excellent 5th in terms of Pretax Profits in this industry. Up 3 places from last year.
  • Gross Profit Margin is 90.9% in the latest year, well above the industry average of 40.4%.
  • Sales per Employee is £1.0m which is well above the industry average of £204,000.
  • The average salary is £116,000 which is well above the industry average of £82,000.
  • The company has consistently suffered a fall in sales growth (%) over the last 4 years along with 9 other companies.
  • The company has consistently improved pretax profits over the last 4 years.Only 19 other companies achieved this.
  • Pretax Profit Margin is 28.4% in the latest year, well above the industry average of 3.6%.
  • Pretax Profit Margin has markedly improved from 16.4% to 28.4% in the latest year.
  • Shareholders received £69.9m in dividends this year, over 38% of the pretax profits of the company.
  • The formal debt of the company is high, representing 24% of Total Sales.
  • 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

Company

Industry Av.

Proposed

Company Summary

The company currently has £644m sales and made £183m, by following the proposal plan, sales would rise to £682m and profits would rise to £221m.

Key Attractiveness Features

  • ADD £644m TO SALES
  • FEW DIRECTORS
  • 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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 30-Mar-25
Total Sales (£000) 451563 526011 611469 644349 681769
Pre-tax Profit (£000) 13153 97682 100169 183225 220602
Total Value (£000) 287716 669299 706021 1059261 1343559
Asset Value (£000) 210776 194914 230236 223166 240124
Goodwill (£000) 76940 474385 475785 836095 1103435
Liabilities (£000) -16874 97863 158585 284709 377686
Equity Value (£000) 270842 767162 864606 1343970 1721245

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

Shareholders / Ownership

SOPHOS HOLDINGS LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

CAPSULE8 INC

MOJAVE NETWORKS, INC.

PROJECT TROY KFT

REFACTR IT, INC.

ROOK SECURITY

SOPHOS

SOPHOS AB

SOPHOS B.V.

SOPHOS COMPUTER SECURITY PTE. LTD.

SOPHOS HOLDINGS GMBH

Acquisition / Valuation Comments

This company has been established 38 years.

The number of shareholders is low (1)

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 £1.1bn including debts.

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

The proposed year is based on achieving a 17% return on total assets.

The company's value would increase by 27% if the proposed business plan was followed.

The proposed plan would improve the overall financial strength of the company by 40%.

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