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Graff diamonds ltd

London. Registration No: 00678883

  • Registration Number

    00678883

  • Incorporation Date

    23/12/1960

  • Last Annual Return

    Not available

  • Address

    28-29 Albemarle Street, London, London. W1S 4JA

  • Website

    www.graffdiamonds.com

  • Audit Fees

    £157,000

  • Secretary

    Mr Bryan Bamberger

Directors

Active

Mr Elliott Harry Marc Graff (51 yrs)

Active

Mr Raymond Graff (77 yrs)

Active

Mr Francois Xavier Graff (61 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Weeks 52 52 52 52 52
Total Sales (£000) 248994 339835 378796 422841 432674
Directors Fees 7099 11599 13717 15856 15856
Gross Profits 32570 117243 146593 132104 135176
Value Added 29057 96927 118911 125117 124917
Trading Profit 5856 69223 84370 87048 89504
Depreciation 2562 2364 2066 1020
Non-Trading Income 1025 1108 7437 17739 0
Total Interest Charges 3733 2586 13469 17425 15683
Pre-tax Profit 586 65381 76272 86342 72903
Retained Profit (Shareholders Funds) -11513 57105 119759 36244 51805
Fixed Assets 5050 3768 3719 4710 4475
Intangibles 0 0 0 0 0
Intermediate Assets 73 0 0 0 0
Stocks 460733 489731 563814 535479 456610
Debtors 4318 4063 6280 1491 1297
Cash or Equivalent 129328 259309 279305 382339 266650
Total Current Assets 594379 753103 849399 919309 724557
Creditors 4245 24379 16857 14600 17180
Short Term Borrowing 152748 198434 216667 249372 0
Other Current Liabilities 25397 59841 25617 29827 29827
Total Current Liabilities 182390 282654 259141 293799 47007
Net Current Assets 411989 470449 590258 625510 677550
Shareholders Funds 417112 474217 593976 630220 682025
Total Loan Capital 0 0 0 0 0
Other Capital Employed 0 0 0 0 0
Total Capital Employed 417112 474217 593976 630220 682025
Pretax Profit Margin % 0.24 19.24 20.14 20.42 16.85
Sales Growth % -28 36 11 12 2
Pretax Profit Growth % -98 11057 17 13 -16.00
Debtor Ratio Days 6 4 6 1 1.0909902303703
Creditor Ratio Days 6 26 16 13 14.4535652881343
Stock Turnover 1 1 1 1 0.9475800171435
Sales £000 / Employee 1290 2137 2070 2125 2337.3120603015
Value Added £000/Empl. 151 610 650 629 674.80325383318
Av. Remun. £000 / Empl. 120 174 189 191 191.301507537688
Total Empl. Remu. £000 23201 27704 34541 38069 35413.0041331914
Employees 193 159 183 199 185.11617910912
Pretax Profit/Total Assets % 0 9 9 9 10

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 11.6% in the latest year, well above the industry average of -35.8%.
  • Gross Profit Margin is 31.2% in the latest year, well above the industry average of 25.3%.
  • Sales per Employee is £2.1m which is well above the industry average of £483,000.
  • The average salary is £191,000 which is well above the industry average of £46,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • The company has consistently improved pretax profits over the last 4 years. The only company to do so.
  • Pretax Profit Margin is 20.4% in the latest year, well above the industry average of 5.7%.
  • The company would have made a significantly higher profit but for interest payments of £17.4m.
  • The formal debt of the company is high, representing 59% of Total Sales.
  • The Trading Stability chart shows a well below average sales return on total assets in the latest year
  • The company is the only Best Trading Partner in this industry (see section 1c).
  • The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
  • The company is the best in terms of Trading Profits in this industry.

Company

Industry Av.

Proposed

The data extends above the graph limits

Company Summary

The company currently has £423m sales and made £86.3m, by following the proposal plan, sales would be level and profits would fall to £72.9m.

Key Attractiveness Features

  • ADD £423m TO SALES
  • FEW DIRECTORS
  • HIGH INTEREST PAYMENTS
  • HIGH AVERAGE AGE

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-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Total Sales (£000) 248994 339835 378796 422841 432674
Pre-tax Profit (£000) 586 65381 76272 86342 72903
Total Value (£000) 522139 889852 1053918 1051100 984592
Asset Value (£000) 470174 497562 573813 541680 462382
Goodwill (£000) 51965 392290 480105 509420 522210
Liabilities (£000) -53062 -23345 20164 88540 219643
Equity Value (£000) 469077 866507 1074082 1139640 1204235

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

Shareholders / Ownership

GRAFF DIAMONDS INTERNATIONAL LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

DIAMONDLINE LTD

GRAFF GLOBAL AVIATION LTD

Acquisition / Valuation Comments

This company has been established 65 years.

The number of shareholders is low (1)

1 director is over 70 years of age.

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 10% return on total assets.

The proposed plan would improve the overall financial strength of the company by 471%.

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