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The british electrical & manufacturing company ltd
Registration Number
00330768Incorporation Date
17/08/1937Last Annual Return
Not availableAddress
Clavering House, Clavering Place, Newcastle Upon Tyne, Tyne And Wear. NE1 3NG
Website
www.bemco.co.ukAudit Fees
£33,000Secretary
Mr Richard John Neville Barkes
Directors
Active
Mr Bryan Rogerson Barkes (93 yrs)
Active
Mr Richard John Neville Barkes (71 yrs)
Active
Mr Graeme Oliver Thompson (45 yrs)
Active
Mr Julian Matthew Barkes (53 yrs)
Active
Mr Simon Rogerson Barkes (68 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 24873 | 26434 | 27412 | 29014 | 29353 |
| Directors Fees | 282 | 283 | 378 | 372 | 372 |
| Gross Profits | 5882 | 6417 | 6782 | 7624 | 7713 |
| Value Added | 4730 | 4902 | 5356 | 6177 | 6194 |
| Trading Profit | 485 | 525 | 716 | 982 | 1432 |
| Depreciation | 173 | 168 | 162 | 178 | |
| Non-Trading Income | 0 | 0 | 0 | 21 | 0 |
| Total Interest Charges | 9 | 6 | 10 | 9 | 8 |
| Pre-tax Profit | 303 | 351 | 544 | 816 | 1264 |
| Retained Profit (Shareholders Funds) | 264 | 56 | 271 | 474 | 490 |
| Fixed Assets | 2264 | 2256 | 2240 | 2234 | 2122 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 2181 | 2386 | 2346 | 2360 | 1990 |
| Debtors | 4734 | 4810 | 4800 | 4666 | 4012 |
| Cash or Equivalent | 1497 | 1096 | 1589 | 2219 | 4519 |
| Total Current Assets | 8412 | 8292 | 8735 | 9245 | 10521 |
| Creditors | 4773 | 4629 | 4315 | 4372 | 5087 |
| Short Term Borrowing | 53 | 84 | 75 | 41 | 0 |
| Other Current Liabilities | 1243 | 1104 | 1665 | 1708 | 1708 |
| Total Current Liabilities | 6069 | 5817 | 6055 | 6121 | 6795 |
| Net Current Assets | 2343 | 2475 | 2680 | 3124 | 3726 |
| Shareholders Funds | 4479 | 4535 | 4806 | 5280 | 5770 |
| Total Loan Capital | 42 | 100 | 48 | 0 | 0 |
| Other Capital Employed | 86 | 96 | 67 | 78 | 78 |
| Total Capital Employed | 4607 | 4731 | 4921 | 5358 | 5848 |
| Pretax Profit Margin % | 1.22 | 1.33 | 1.98 | 2.81 | 4.31 |
| Sales Growth % | 16 | 6 | 4 | 6 | 1 |
| Pretax Profit Growth % | 183 | 16 | 55 | 50 | 55.00 |
| Debtor Ratio Days | 69 | 66 | 64 | 59 | 49.7573723030261 |
| Creditor Ratio Days | 70 | 64 | 57 | 55 | 63.077107603226 |
| Stock Turnover | 11 | 11 | 12 | 12 | 14.7528813559322 |
| Sales £000 / Employee | 224 | 252 | 266 | 269 | 295.512962962963 |
| Value Added £000/Empl. | 43 | 47 | 52 | 57 | 62.5656565656566 |
| Av. Remun. £000 / Empl. | 38 | 42 | 45 | 48 | 48.1018518518519 |
| Total Empl. Remu. £000 | 4245 | 4377 | 4640 | 5195 | 4762.08333333334 |
| Employees | 111 | 105 | 103 | 108 | 99 |
| Pretax Profit/Total Assets % | 3 | 3 | 5 | 7 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 5.8% in the latest year, well above the industry average of 0.5%.
- 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. Only 4 other companies achieved this.
- Pretax Profit Margin has markedly improved from 2.0% to 2.8% in the latest year.
- Formal debt of the company has decreased by £82,000, a fall of 67%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 309 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £29.0m sales and made £816,000, by following the proposal plan, sales would be level but profits would rise to £1.3m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £29.0m TO SALES
- 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
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Total Sales (£000) | 24873 | 26434 | 27412 | 29014 | 29353 |
| Pre-tax Profit (£000) | 303 | 351 | 544 | 816 | 1264 |
| Total Value (£000) | 12149 | 12652 | 14046 | 15140 | 16344 |
| Asset Value (£000) | 9179 | 9452 | 9386 | 9260 | 8124 |
| Goodwill (£000) | 2970 | 3200 | 4660 | 5880 | 8220 |
| Liabilities (£000) | -4700 | -4917 | -4581 | -3980 | -2354 |
| Equity Value (£000) | 7449 | 7735 | 9465 | 11160 | 13990 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR BRYAN ROGERSON BARKES (16.7%)
MR RICHARD JOHN NEVILLE BARKES (10.5%)
MR JULIAN MATTHEW BARKES (9.3%)
MRS MELISSA MARGARET BARKES (8.8%)
Immediate Shareholder: See Shareholders
Subsidiaries
BEMCO LTD
RUSSELLS SUPPLIES LTD
Acquisition / Valuation Comments
This company has been established 89 years.
2 directors are 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 £15.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
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 16%.
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