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F.c. Lane electronics ltd
Registration Number
00876597Incorporation Date
12/04/1966Last Annual Return
Not availableAddress
Slinfold Lodge, Stane Street, Horsham, West Sussex. RH13 0RN
Website
www.fclane.comAudit Fees
£23,000Secretary
Not available
Directors
Active
Mr Simon Michael Hammerton (60 yrs)
Active
Mr Nicholas Charles Wheeler (65 yrs)
Active
Ms Rosemary Jane Lane (77 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-May-22 | 31-May-23 | 31-May-24 | 31-May-25 | 30-May-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 13143 | 15833 | 16321 | 17707 | 19511 |
| Directors Fees | 382 | 401 | 369 | 368 | 442 |
| Gross Profits | 3757 | 4900 | 5256 | 5808 | 6400 |
| Value Added | 3469 | 4560 | 4759 | 6482 | 8486 |
| Trading Profit | 1988 | 2782 | 2905 | 4310 | 6314 |
| Depreciation | 43 | 76 | 78 | 70 | |
| Non-Trading Income | 10 | 19 | 71 | 240 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 1955 | 2725 | 2898 | 4480 | 6230 |
| Retained Profit (Shareholders Funds) | 1481 | 2074 | 2047 | 1020 | 2688 |
| Fixed Assets | 161 | 262 | 247 | 308 | 370 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 5418 | 7000 | 7907 | 8350 | 9201 |
| Debtors | 1783 | 2243 | 1513 | 1948 | 2147 |
| Cash or Equivalent | 5303 | 5479 | 6754 | 6878 | 8378 |
| Total Current Assets | 12504 | 14722 | 16174 | 17176 | 19726 |
| Creditors | 1175 | 1388 | 781 | 703 | 891 |
| Short Term Borrowing | 499 | 571 | 735 | 539 | 0 |
| Other Current Liabilities | 1237 | 1184 | 1017 | 1329 | 1595 |
| Total Current Liabilities | 2911 | 3143 | 2533 | 2571 | 2486 |
| Net Current Assets | 9593 | 11579 | 13641 | 14605 | 17240 |
| Shareholders Funds | 9733 | 11807 | 13854 | 14874 | 17562 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 22 | 33 | 33 | 40 | 48 |
| Total Capital Employed | 9755 | 11840 | 13887 | 14914 | 17610 |
| Pretax Profit Margin % | 14.87 | 17.21 | 17.76 | 25.3 | 31.93 |
| Sales Growth % | 25 | 20 | 3 | 8 | 10 |
| Pretax Profit Growth % | 93 | 39 | 6 | 55 | 39.00 |
| Debtor Ratio Days | 49 | 52 | 34 | 40 | 40.0447280736432 |
| Creditor Ratio Days | 33 | 32 | 17 | 14 | 16.6191788558198 |
| Stock Turnover | 2 | 2 | 2 | 2 | 2.1205988023952 |
| Sales £000 / Employee | 292 | 304 | 363 | 393 | 432.837777777778 |
| Value Added £000/Empl. | 77 | 88 | 106 | 144 | 188.577777777778 |
| Av. Remun. £000 / Empl. | 33 | 34 | 41 | 48 | 48.2666666666667 |
| Total Empl. Remu. £000 | 1481 | 1778 | 1854 | 2172 | 2172 |
| Employees | 45 | 52 | 45 | 45 | 45 |
| Pretax Profit/Total Assets % | 15 | 18 | 18 | 26 | 31 |
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 8.5% in the latest year, well above the industry average of -0.7%.
- Gross Profit Margin is 32.8% in the latest year, well above the industry average of 23.5%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 28% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years. Only 5 other companies achieved this.
- Pretax Profit Margin is 25.3% in the latest year, well above the industry average of 3.8%.
- Pretax Profit Margin has markedly improved from 17.8% to 25.3% in the latest year.
- Shareholders received £2.6m in dividends this year, over 57% of the pretax profits of the company.
- Formal debt of the company has decreased by £196,000, a fall of 27%.
- 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.
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 9 in terms of Value Added.
Company Summary
The company currently has £17.7m sales and made £4.5m, by following the proposal plan, sales would rise to £19.5m and profits would rise to £6.2m.
Key Attractiveness Features
- ADD £17.7m TO SALES
- ATTRACTIVE RATING
- ATTRACTIVE PRICE
- 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-May-22 | 31-May-23 | 31-May-24 | 31-May-25 | 30-May-26 |
| Total Sales (£000) | 13143 | 15833 | 16321 | 17707 | 19511 |
| Pre-tax Profit (£000) | 1955 | 2725 | 2898 | 4480 | 6230 |
| Total Value (£000) | 18997 | 25040 | 25647 | 33646 | 45078 |
| Asset Value (£000) | 7362 | 9505 | 9667 | 10606 | 11718 |
| Goodwill (£000) | 11635 | 15535 | 15980 | 23040 | 33360 |
| Liabilities (£000) | 2370 | 2303 | 4188 | 4267 | 5844 |
| Equity Value (£000) | 21367 | 27343 | 29835 | 37913 | 50922 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
THE LODGE GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 60 years.
The number of shareholders is low (1).
1 director is over 70 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £33.6m 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 31% return on total assets.
The company's value would increase by 34% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 20%.
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