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Unique system (uk) ltd
Registration Number
SC356252Incorporation Date
09/03/2009Last Annual Return
Not availableAddress
6 Bon Accord Square, Aberdeen, Aberdeenshire. AB11 6XU
Website
www.uniquegroup.comAudit Fees
£27,000Secretary
Mr Nicholas MacKie
Directors
Active
Mr Martin Ian George Charles (62 yrs)
Active
Mr Himanshu Suresh Gandhi (64 yrs)
| 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) | 10390 | 11925 | 14467 | 19621 | 23153 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 3963 | 5084 | 6242 | 9392 | 11083 |
| Value Added | 5777 | 7324 | 7775 | 11326 | 10075 |
| Trading Profit | 4227 | 5805 | 5698 | 8875 | 7446 |
| Depreciation | 2392 | 2384 | 2161 | 2316 | |
| Non-Trading Income | 0 | 0 | 0 | 1 | 0 |
| Total Interest Charges | 257 | 207 | 207 | 85 | 102 |
| Pre-tax Profit | 1578 | 3214 | 3330 | 6475 | 4565 |
| Retained Profit (Shareholders Funds) | 1077 | 2547 | 2575 | 5125 | 3885 |
| Fixed Assets | 6356 | 5350 | 4608 | 7093 | 8512 |
| Intangibles | 2895 | 2413 | 1930 | 1448 | 1738 |
| Intermediate Assets | 355 | 355 | 355 | 355 | 426 |
| Stocks | 173 | 150 | 258 | 229 | 270 |
| Debtors | 1509 | 2295 | 2810 | 3832 | 4522 |
| Cash or Equivalent | 4640 | 7868 | 11306 | 19747 | 3552 |
| Total Current Assets | 6322 | 10313 | 14374 | 23808 | 8344 |
| Creditors | 489 | 722 | 1031 | 597 | 810 |
| Short Term Borrowing | 12275 | 11914 | 11799 | 14923 | 0 |
| Other Current Liabilities | 568 | 652 | 720 | 1235 | 1482 |
| Total Current Liabilities | 13332 | 13288 | 13550 | 16755 | 2292 |
| Net Current Assets | -7010 | -2975 | 824 | 7053 | 6052 |
| Shareholders Funds | 2596 | 5143 | 7718 | 12843 | 16728 |
| Total Loan Capital | 0 | 0 | 0 | 3105 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 2596 | 5143 | 7718 | 15948 | 16728 |
| Pretax Profit Margin % | 15.19 | 26.95 | 23.02 | 33 | 19.72 |
| Sales Growth % | NA | 15 | 21 | 36 | 18 |
| Pretax Profit Growth % | NA | 104 | 4 | 94 | -29.50 |
| Debtor Ratio Days | 53 | 70 | 71 | 71 | 71.0895469140207 |
| Creditor Ratio Days | 17 | 22 | 26 | 11 | 12.7365679628969 |
| Stock Turnover | 60 | 80 | 56 | 86 | 85.6812227074236 |
| Sales £000 / Employee | 325 | 442 | 482 | 595 | 654.033333333334 |
| Value Added £000/Empl. | 181 | 271 | 259 | 343 | 284.604519774011 |
| Av. Remun. £000 / Empl. | 48 | 56 | 69 | 74 | 74.2727272727273 |
| Total Empl. Remu. £000 | 1550 | 1519 | 2077 | 2451 | 2629.25454545455 |
| Employees | 32 | 27 | 30 | 33 | 35.4 |
| Pretax Profit/Total Assets % | 10 | 17 | 16 | 20 | 24 |
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 35.6% in the latest year, well above the industry average of 4.8%.
- Gross Profit Margin is 47.9% in the latest year, well above the industry average of 33.0%.
- Sales per Employee is £595,000 which is well above the industry average of £185,000.
- The average salary is £74,000 which is well above the industry average of £47,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 72% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years. The only company to do so.
- Pretax Profit Margin is 33.0% in the latest year, well above the industry average of 8.2%.
- Pretax Profit Margin has markedly improved from 23.0% to 33.0% in the latest year.
- The formal debt of the company is high, representing 92% of Total Sales.
- Formal debt of the company has increased by £6.2m, a rise of 53%.
- 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 Summary
The company currently has £19.6m sales and made £6.5m, by following the proposal plan, sales would rise to £23.2m and profits would fall to £4.6m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £19.6m TO SALES
- ATTRACTIVE RATING
- FEW DIRECTORS
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-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 10390 | 11925 | 14467 | 19621 | 23153 |
| Pre-tax Profit (£000) | 1578 | 3214 | 3330 | 6475 | 4565 |
| Total Value (£000) | 20463 | 27668 | 27646 | 45752 | 38803 |
| Asset Value (£000) | 11288 | 10563 | 9961 | 12957 | 15468 |
| Goodwill (£000) | 9175 | 17105 | 17685 | 32795 | 23335 |
| Liabilities (£000) | -8692 | -5420 | -2244 | -113 | 1260 |
| Equity Value (£000) | 11771 | 22248 | 25402 | 45639 | 40063 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
UNIQUE MARITIME GROUP FZC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
GSE RENTALS LTD
SUBSEA INNOVATION LTD
Acquisition / Valuation Comments
This company has been established 16 years.
The number of shareholders is low (1)
2 directors are over 60 years of age.
The total value of the company is currently £45.8m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 24% return on total assets.
The proposed plan would improve the overall financial strength of the company by 179%.
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