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F.h. Nash ltd
Registration Number
00787674Incorporation Date
10/01/1964Last Annual Return
Not availableAddress
Four Elms Mill, Bardfield Road, Braintree, Essex. CM7 5EJ
Website
www.baileyshorsefeeds.co.ukAudit Fees
£38,000Secretary
Ms Christelle Melamud
Directors
Active
Mr Paul Venner (76 yrs)
Active
Ms Adrienne Gay Venner (79 yrs)
Active
Mr George Picton Knowles (82 yrs)
Active
Rominita Knowles
Active
Mr Simon Louis Venner (40 yrs)
Active
Ms Elizabeth Anne Bulbrook (60 yrs)
Active
Ms Claire Selene Knowles (81 yrs)
Active
Ms Christelle Melamud (42 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-20 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 28-Sep-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 32295 | 35778 | 40398 | 43965 | 44741 |
| Directors Fees | 737 | 856 | 877 | 936 | 936 |
| Gross Profits | 9380 | 9550 | 9564 | 9600 | 9770 |
| Value Added | 7880 | 7350 | 7924 | 8162 | 8253 |
| Trading Profit | 3131 | 2320 | 2688 | 2657 | 3160 |
| Depreciation | 977 | 979 | 933 | 927 | |
| Non-Trading Income | 17 | 5 | 2 | 47 | 0 |
| Total Interest Charges | 14 | 15 | 13 | 13 | 12 |
| Pre-tax Profit | 2157 | 1331 | 1744 | 1764 | 2314 |
| Retained Profit (Shareholders Funds) | 1143 | 371 | 769 | 742 | 1058 |
| Fixed Assets | 6032 | 5969 | 5940 | 7250 | 6888 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 2725 | 2727 | 3143 | 3282 | 2783 |
| Debtors | 4081 | 4619 | 5219 | 4859 | 4203 |
| Cash or Equivalent | 5875 | 6513 | 6597 | 6334 | 9270 |
| Total Current Assets | 12681 | 13859 | 14959 | 14475 | 16256 |
| Creditors | 2493 | 3198 | 3777 | 3564 | 4171 |
| Short Term Borrowing | 158 | 134 | 102 | 114 | 0 |
| Other Current Liabilities | 1371 | 1332 | 1155 | 1030 | 1030 |
| Total Current Liabilities | 4022 | 4664 | 5034 | 4708 | 5201 |
| Net Current Assets | 8659 | 9195 | 9925 | 9767 | 11055 |
| Shareholders Funds | 13986 | 14357 | 15126 | 15868 | 16926 |
| Total Loan Capital | 119 | 101 | 60 | 132 | 0 |
| Other Capital Employed | 586 | 706 | 680 | 1017 | 1017 |
| Total Capital Employed | 14691 | 15164 | 15866 | 17017 | 17943 |
| Pretax Profit Margin % | 6.68 | 3.72 | 4.32 | 4.01 | 5.17 |
| Sales Growth % | 6 | 11 | 13 | 9 | 2 |
| Pretax Profit Growth % | 88 | -38 | 31 | 1 | 31.00 |
| Debtor Ratio Days | 46 | 47 | 47 | 40 | 34.1948049584897 |
| Creditor Ratio Days | 28 | 33 | 34 | 30 | 33.9335926305015 |
| Stock Turnover | 12 | 13 | 13 | 13 | 16.0749542961608 |
| Sales £000 / Employee | 308 | 341 | 381 | 419 | 460.585714285715 |
| Value Added £000/Empl. | 75 | 70 | 75 | 78 | 84.9596724995987 |
| Av. Remun. £000 / Empl. | 45 | 48 | 49 | 52 | 52.4285714285714 |
| Total Empl. Remu. £000 | 4749 | 5030 | 5236 | 5505 | 5092.92217436506 |
| Employees | 105 | 105 | 106 | 105 | 97.1402049606416 |
| Pretax Profit/Total Assets % | 12 | 7 | 8 | 8 | 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 8.8% in the latest year, well above the industry average of -1.1%.
- The company lies an excellent 3rd in terms of Total Sales in this industry.
- Sales per Employee is £419,000 which is well above the industry average of £240,000.
- The average salary is £52,000 which is well above the industry average of £40,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 4.0% in the latest year, well above the industry average of 3.2%.
- Shareholders received £493,000 in dividends this year, over 28% of the pretax profits of the company.
- Formal debt of the company has increased by £84,000, a rise of 52%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- We expect new accounts for this company to be filed in the next couple of months, contact us for an updated analysis.
- The company is among the Top 3 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 11 Leaders in Efficiency.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £44.0m sales and made £1.8m, by following the proposal plan, sales would be level but profits would rise to £2.3m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £44.0m TO SALES
- HIGH DIVIDEND
- 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 | 30-Sep-20 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 28-Sep-24 |
| Total Sales (£000) | 32295 | 35778 | 40398 | 43965 | 44741 |
| Pre-tax Profit (£000) | 2157 | 1331 | 1744 | 1764 | 2314 |
| Total Value (£000) | 27293 | 24300 | 27462 | 28721 | 30184 |
| Asset Value (£000) | 12838 | 13315 | 14302 | 15391 | 13874 |
| Goodwill (£000) | 14455 | 10985 | 13160 | 13330 | 16310 |
| Liabilities (£000) | 1148 | 1042 | 823 | 477 | 3052 |
| Equity Value (£000) | 28441 | 25342 | 28285 | 29198 | 33236 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR GEORGE PICTON KNOWLES (36.6%)
MRS. ADRIENNE GAY VENNER (26.1%)
C S KNOWLES (6.8%)
P VENNNER (5.1%)
Immediate Shareholder: See Shareholders
Subsidiaries
G.R. BAILEY LTD
JOHN LOADER (WESSEX) LTD
THE FANCY FEED CO LTD
Acquisition / Valuation Comments
This company has been established 61 years.
4 directors are over 70 years of age.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £28.7m 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.
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