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C.brewer & sons ltd
Registration Number
00203852Incorporation Date
16/02/1925Last Annual Return
Not availableAddress
Albany House, 123-127 Ashford Road, Eastbourne, East Sussex. BN21 3TR
Website
WWW.BREWERS.CO.UKAudit Fees
£160,000Secretary
Mr Adam Charles Shoesmith
Directors
Active
Mr Charles Thomas Brewer (46 yrs)
Active
Mr Neal Michael Brewer (65 yrs)
Active
Mr Robert Christopher Brewer (89 yrs)
Active
Ms Alison Rachel Lawfield (69 yrs)
Active
Mr Mark Adrian Brewer (68 yrs)
Active
Mr Nicholas Andrew Brewer (63 yrs)
Active
Mr Simon Robert Brewer (49 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) | 194990 | 211193 | 243003 | 267762 | 273218 |
| Directors Fees | 2462 | 2575 | 2622 | 2842 | 2842 |
| Gross Profits | 18233 | 17525 | 12334 | 11927 | 12170 |
| Value Added | 53043 | 57206 | 60008 | 64219 | 72295 |
| Trading Profit | 13280 | 12634 | 8239 | 7122 | 19340 |
| Depreciation | 2498 | 2846 | 3809 | 3819 | |
| Non-Trading Income | 70 | 117 | 193 | 52 | 0 |
| Total Interest Charges | 957 | 757 | 1931 | 2115 | 1904 |
| Pre-tax Profit | 9895 | 9148 | 2692 | 1240 | 13999 |
| Retained Profit (Shareholders Funds) | 26517 | 407 | -4012 | 131 | 744 |
| Fixed Assets | 47041 | 45513 | 48542 | 45997 | 43697 |
| Intangibles | 1183 | 643 | 16466 | 18348 | 17431 |
| Intermediate Assets | 1 | 3632 | 3722 | 3462 | 3289 |
| Stocks | 22853 | 28067 | 33913 | 37693 | 32051 |
| Debtors | 10639 | 12123 | 13224 | 13226 | 11471 |
| Cash or Equivalent | 48373 | 46162 | 28528 | 30572 | 32047 |
| Total Current Assets | 81865 | 86352 | 75665 | 81491 | 75569 |
| Creditors | 8829 | 10621 | 10887 | 16412 | 19258 |
| Short Term Borrowing | 54 | 9 | 9005 | 12902 | 0 |
| Other Current Liabilities | 22686 | 22519 | 22314 | 21813 | 21813 |
| Total Current Liabilities | 31569 | 33149 | 42206 | 51127 | 41071 |
| Net Current Assets | 50296 | 53203 | 33459 | 30364 | 34498 |
| Shareholders Funds | 66260 | 66667 | 62655 | 62786 | 63530 |
| Total Loan Capital | 14 | 5 | 0 | 0 | 0 |
| Other Capital Employed | 32247 | 36319 | 39534 | 35385 | 35385 |
| Total Capital Employed | 98521 | 102991 | 102189 | 98171 | 98915 |
| Pretax Profit Margin % | 5.07 | 4.33 | 1.11 | 0.46 | 5.12 |
| Sales Growth % | 17 | 8 | 15 | 10 | 2 |
| Pretax Profit Growth % | 19 | -8 | -71 | -54 | 1029.00 |
| Debtor Ratio Days | 20 | 21 | 20 | 18 | 15.2826928391632 |
| Creditor Ratio Days | 16 | 18 | 16 | 22 | 25.6573494371868 |
| Stock Turnover | 9 | 8 | 7 | 7 | 8.5245111824477 |
| Sales £000 / Employee | 162 | 166 | 168 | 182 | 199.686915254237 |
| Value Added £000/Empl. | 44 | 45 | 41 | 44 | 52.8472222222222 |
| Av. Remun. £000 / Empl. | 33 | 35 | 36 | 39 | 38.7098305084746 |
| Total Empl. Remu. £000 | 39763 | 44572 | 51769 | 57097 | 52955.0481355933 |
| Employees | 1205 | 1271 | 1448 | 1475 | 1368 |
| Pretax Profit/Total Assets % | 8 | 7 | 2 | 1 | 10 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 10.2% in the latest year, well above the industry average of -1.0%.
- Sales per Employee is £182,000 which is well above the industry average of £141,000.
- The average salary is £39,000 which is well above the industry average of £30,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Shareholders received £1.5m in dividends this year, over 119% of the pretax profits of the company.
- The company would have made a significantly higher profit but for interest payments of £2.1m.
- Formal debt of the company has increased by £3.9m, a rise of 43%.
- 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 104 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £268m sales and made £1.2m, by following the proposal plan, sales would be level but profits would rise to £14.0m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £268m TO SALES
- ATTRACTIVE PRICE
- HIGH INTEREST PAYMENTS
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) | 194990 | 211193 | 243003 | 267762 | 273218 |
| Pre-tax Profit (£000) | 9895 | 9148 | 2692 | 1240 | 13999 |
| Total Value (£000) | 147937 | 151793 | 151127 | 149451 | 201664 |
| Asset Value (£000) | 81717 | 89978 | 115867 | 118726 | 107939 |
| Goodwill (£000) | 66220 | 61815 | 35260 | 30725 | 93725 |
| Liabilities (£000) | -15457 | -23311 | -53212 | -55940 | -44409 |
| Equity Value (£000) | 132480 | 128482 | 97915 | 93511 | 157255 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
TRUSTEES OF G.K. BREWER SETTLEMENT (22.2%)
N.A. BREWER (7.7%)
MRS PENNY BREWER (6.4%)
TRUSTEE OF ADAM SHOESMITH (TRUST) (5.9%)
Immediate Shareholder: See Shareholders
Subsidiaries
LOUTH TRADE PARK MANAGEMENT COMPANY LTD
PRIORY COURT BRADWELL ABBEY MANAGEMENT LTD
BROADSEAS MANAGEMENT COMPANY LTD
JOINTSITE PROPERTY MANAGEMENT LTD
ABX COATINGS LTD
C BREWER & SONS PENSION SCHEME TRUSTEES LTD.
C BREWER & SONS PROPCO LTD
C BREWER & SONS RETIREMENT BENEFITS SCHEME TRUSTEES LTD
CANE ADAM LTD
COLOUR CONSULTANT SERVICE LTD
Acquisition / Valuation Comments
This company has been established 101 years.
1 director is over 70 years of age.
The value of the company has fallen in each of the last 2 years.
The total value of the company is currently £149.5m including debts.
The equity value, after deducting debts is £93.5m.
The company value is small in comparison to its sales.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 35% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 60%.
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