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Bachy soletanche ltd
Registration Number
00752082Incorporation Date
04/03/1963Last Annual Return
Not availableAddress
Henderson House, Langley Place, Ormskirk, Lancashire. L40 8JS
Website
www.bacsol.co.ukAudit Fees
£171,000Secretary
Mr Graham Trafford
Directors
Active
Mr Tamas Kaltenbacher (47 yrs)
Active
Mr Graham Trafford (53 yrs)
Active
Mr Martin John Pedley (60 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) | 78979 | 113396 | 218675 | 247179 | 285842 |
| Directors Fees | 887 | 1139 | 1095 | 1497 | 1796 |
| Gross Profits | 9416 | 13263 | 21859 | 34711 | 40140 |
| Value Added | 22970 | 34957 | 47191 | 59821 | 67290 |
| Trading Profit | 4443 | 12679 | 16917 | 21070 | 26551 |
| Depreciation | 2700 | 9320 | 10114 | 6520 | |
| Non-Trading Income | 4 | 3 | 3 | 301 | 0 |
| Total Interest Charges | 65 | 88 | 117 | 322 | 386 |
| Pre-tax Profit | 1682 | 3274 | 6689 | 14529 | 18341 |
| Retained Profit (Shareholders Funds) | 2197 | 2876 | 5829 | 11073 | 8717 |
| Fixed Assets | 21412 | 22538 | 20254 | 15501 | 18601 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 889 | 861 | 973 | 1012 | 1170 |
| Debtors | 4545 | 8092 | 6936 | 5446 | 6298 |
| Cash or Equivalent | 21732 | 21189 | 42789 | 64771 | 65634 |
| Total Current Assets | 27166 | 30142 | 50698 | 71229 | 73102 |
| Creditors | 6167 | 8412 | 10258 | 7435 | 9888 |
| Short Term Borrowing | 5908 | 4675 | 3387 | 9349 | 0 |
| Other Current Liabilities | 24807 | 25098 | 31655 | 34751 | 41701 |
| Total Current Liabilities | 36882 | 38185 | 45300 | 51535 | 51589 |
| Net Current Assets | -9716 | -8043 | 5398 | 19694 | 21513 |
| Shareholders Funds | 11619 | 14495 | 20324 | 31397 | 40114 |
| Total Loan Capital | 0 | 0 | 5328 | 3798 | 0 |
| Other Capital Employed | 77 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 11696 | 14495 | 25652 | 35195 | 40114 |
| Pretax Profit Margin % | 2.13 | 2.89 | 3.06 | 5.88 | 6.42 |
| Sales Growth % | 58 | 44 | 93 | 13 | 16 |
| Pretax Profit Growth % | 187 | 95 | 104 | 117 | 26.24 |
| Debtor Ratio Days | 21 | 26 | 12 | 8 | 8.0198722383374 |
| Creditor Ratio Days | 28 | 27 | 17 | 11 | 12.5912435927001 |
| Stock Turnover | 89 | 132 | 225 | 244 | 244.248023715415 |
| Sales £000 / Employee | 280 | 327 | 474 | 470 | 516.914258555133 |
| Value Added £000/Empl. | 81 | 101 | 102 | 114 | 121.686518278419 |
| Av. Remun. £000 / Empl. | 66 | 64 | 66 | 74 | 73.671102661597 |
| Total Empl. Remu. £000 | 18527 | 22278 | 30274 | 38751 | 40738.5186808984 |
| Employees | 282 | 347 | 461 | 526 | 552.978267042207 |
| Pretax Profit/Total Assets % | 3 | 6 | 9 | 17 | 20 |
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 13.0% in the latest year, well above the industry average of -4.2%.
- The company lies an excellent 10th in terms of Total Sales in this industry.
- The company lies an excellent 7th in terms of Pretax Profits in this industry. Up 8 places from last year.
- Gross Profit Margin has markedly improved from 10.0% to 14.0% in the latest year.
- Sales per Employee is £470,000 which is well above the industry average of £373,000.
- The average salary is £74,000 which is well above the industry average of £54,000.
- 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.Only 17 other companies achieved this.
- Pretax Profit Margin is 5.9% in the latest year, well above the industry average of 3.9%.
- Pretax Profit Margin has markedly improved from 3.1% to 5.9% in the latest year.
- Formal debt of the company has increased by £4.4m, a rise of 51%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 16 companies listed as a Best Trading Partner (see section 1c).
Company Summary
The company currently has £247m sales and made £14.5m, by following the proposal plan, sales would rise to £286m and profits would rise to £18.3m.
Key Attractiveness Features
- ADD £247m TO SALES
- 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) | 78979 | 113396 | 218675 | 247179 | 285842 |
| Pre-tax Profit (£000) | 1682 | 3274 | 6689 | 14529 | 18341 |
| Total Value (£000) | 39996 | 53981 | 67653 | 102194 | 128684 |
| Asset Value (£000) | 26846 | 31491 | 28163 | 21959 | 26069 |
| Goodwill (£000) | 13150 | 22490 | 39490 | 80235 | 102615 |
| Liabilities (£000) | -15227 | -16996 | -7839 | 9438 | 14045 |
| Equity Value (£000) | 24769 | 36985 | 59814 | 111632 | 142729 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BACHY SOLETANCHE HOLDINGS (EUROPE) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 62 years.
The number of shareholders is low (1)
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 £102.2m 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 20% return on total assets.
The company's value would increase by 26% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 18%.
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